On May 1, 2024, The Shareholder Commons, on behalf Legal & General Investment Management America, Inc. has filed an exempt solicitation statement and urged the shareholders of Target Corporation to vote for the proposal and requesting that the board and management exercise their discretion to establish Company wage policies that are consistent with fiduciary duties and reasonably designed to provide workers with the minimum earnings necessary to meet a family?s basic needs, because Company compensation practices that fail to provide a living wage are harmful to the economy and therefore to the returns of diversified shareholders. In addition, the Company recommended the shareholders to vote against the proposal at the annual meeting of shareholders scheduled to be held on June 12, 2024.
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- Legal & General Investment Management America Inc files an Exempt Solicitation Statement and Request Vote for the Proposal