Target Corporation (TGT, Financial) has announced amendments to its Bylaws following a periodic review by the Board of Directors. Effective immediately as of January 15, 2025, these changes aim to enhance corporate governance and align executive titles with current standards.
The primary amendment involves the expansion of the Lead Independent Director (LID) provision. The Board is now required to appoint a LID if the Chair of the Board is not an independent director. This move is designed to ensure that independent oversight is maintained at the highest level of the company's governance structure.
Additionally, the amendments include conforming changes to reflect updated executive titles, ensuring that the Bylaws accurately represent the current organizational structure and roles within Target Corporation.
These changes underscore Target's commitment to maintaining robust governance practices and adapting to evolving corporate standards. For a detailed view of the Amended and Restated Bylaws, stakeholders are encouraged to review the full document filed with the Securities and Exchange Commission.
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