Divided Uber board reaches peace with SoftBank governance deal
Travis Kalanick
SAN FRANCISCO (Reuters) - Uber Technologies Incâs [UBER.UL] fractured board declared peace on Tuesday  attempting to put months of strife behind it by unanimously passing a series of measures to shore up corporate governance  bring in major investor SoftBank and diminish the power of former Chief Executive Travis Kalanick.
 Kalanick  described Tuesdayâs actions as âa major step forward in Uberâs journey to becoming a world class public company.â He added that the governance changes should serve Uber well under Dara Khosrowshahi  who is a month into the chief executive officer job since leaving the same post at Expedia Inc (EXPE.O).
Governance policies adopted by the board would make it difficult for  Kalanick  to return as CEO. He resigned in June under pressure from the Benchmark-led investor group over employee sexual harassment investigations  a trade-secrets misappropriation lawsuit by Waymo and efforts to interfere with government probes.
Uberâs board will expand from 11 directors  including a pair of  Kalanick  appointees seated on Monday  to 17 directors  the person and another source said.
 Kalanick  and other early shareholders also are sacrificing voting power  as Uber adopts a one vote per share policy  the sources said.
SAN FRANCISCO (Reuters) - Uber Technologies Incâs [UBER.UL] fractured board declared peace on Tuesday  attempting to put months of strife behind it by unanimously passing a series of measures to shore up corporate governance  bring in major investor SoftBank and diminish the power of former Chief Executive  [TGT] .
 Kalanick  described Tuesdayâs actions as âa major step forward in Uberâs journey to becoming a world class public company.â He added that the governance changes should serve Uber well under Dara Khosrowshahi  who is a month into the chief executive officer job since leaving the same post at Expedia Inc (EXPE.O).
Governance policies adopted by the board would make it difficult for  Kalanick  to return as CEO. He resigned in June under pressure from the Benchmark-led investor group over employee sexual harassment investigations  a trade-secrets misappropriation lawsuit by Waymo and efforts to interfere with government probes.
Uberâs board will expand from 11 directors  including a pair of  Kalanick  appointees seated on Monday  to 17 directors  the person and another source said.
 Kalanick  and other early shareholders also are sacrificing voting power  as Uber adopts a one vote per share policy  the sources said.