Beyond Meat (BYND) has released an update.
Beyond Meat, Inc. has made a significant governance move by amending its bylaws to adopt a majority voting standard for uncontested director elections, replacing the previous plurality voting system. This change aims to enhance good governance practices. Additionally, the company has updated its Corporate Governance Guidelines to include a director resignation policy, ensuring that a director who does not secure the necessary votes will face a review from an independent committee, with the Board making a final decision within 90 days of the election results.
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