Friday, April 22, 2016

Why Walmart Is Shrinking Its Board of Directors

Wal-Mart Stores said on Wednesday it will shrink its board by three members to 12, bringing it closer to U.S. corporate norms in a move the largest U.S. retailer hopes would allow it to respond more nimbly to rapid market changes.

Walmart, which posted a double-digit profit decline last year as the dollar appreciated and costs rose as it hiked entry-level wages, said a smaller board would lead to better and faster decision-making.. . . more

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