Retail News

Activist investors lower demand for board seats from nine to five

MarketWatch 03/11/2021

Activist investors who are looking to shake up Kohl’s business have lowered their previous demand for nine seats on the company’s board to five. The group issued a statement saying its “campaign is to construct the strongest possible Board with directors who possess relevant retail, capital allocation, strategy and corporate governance expertise — and who will also serve as strong advocates for shareholders.” Kohl’s has rejected the demands of the investor group up to this point.

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