- DuPont (DD) has approved changes to the corporate governance structure at The Chemours Company, which remains on on track to spinoff in mid-2015.
- Chemours’ classified board structure will be submitted to a shareholder vote at its first Annual Meeting in 2016. If the classified structure is not approved by shareholders at the meeting, the unit will immediately declassify its Board such that all directors would be up for annual election beginning with the 2017 Annual Meeting.
- The ownership threshold for shareholders to call special meetings has also been lowered to 25%.