LOUISVILLE Ky. Taco Bell parent Yum! Brands Inc. said it will scrap its so-called poison-pill defense against a takeover, a move described by the company as an enhancement of its corporate-government policies.
Yum! said it would also modify its standards for the approval of uncontested board nominees to accept a simple majority of shareholder votes, instead of a super-majority.
Under the changes approved by the bo