Magna International (TSE:MG) has released an update.
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Magna International Inc. has announced the adoption of a comprehensive Board Charter to guide its Board of Directors in effectively managing the corporation’s business affairs and ensuring long-term shareholder value. The Charter emphasizes the promotion of Magna’s unique entrepreneurial culture, prioritizing innovation, fiscal discipline, and ethical business conduct, alongside a robust system for executive compensation and succession planning. Additionally, it outlines the Board’s role in strategic planning, including the assessment of future trends and risks to inform the corporation’s business plans.
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