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