Textron (TXT) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Textron Inc. has updated its By-Laws to align with the SEC’s universal proxy rules and enhance corporate governance standards. These changes, effective immediately, include stricter nomination requirements for shareholders aiming to appoint board members, with an emphasis on adherence to proxy solicitation rules and comprehensive information disclosures. The amendments also set an exclusive federal court venue for certain legal claims and incorporate Delaware’s General Corporation Law adjustments, streamlining the company’s governance in line with statutory mandates.
For further insights into TXT stock, check out TipRanks’ Stock Analysis page.