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With bylaw tweaks, Apple grants activist one of three wishes

BOSTON: Apple Inc's board relaxed some rules for director nominations by outside investors but stopped short of broader changes sought by an activist shareholder. The new bylaws disclosed in a securities filing late on Thursday dealt with the mechanics of "proxy access," the sometimes controversial process allowing outside investors to nominate their own candidates to a company's board. Just how much influence to give such investors has been a hot topic with the rise of activist shareholders who some executives fear…