MILWAUKEE — Kohl’s Corp. shareholders narrowly approved a proposal requiring that the retailer’s chairman be an independent director.
The company’s chief executive officers historically have held both titles. Chairman and ceo Kevin Mansell told shareholders at the meeting that the board’s governance committee would take up the issue as a result of the 51 percent “yes” vote. Kohl’s had advised shareholders to vote against the proposal, which was forwarded by activist investor John Chevedden.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"