Cencora (COR) just unveiled an announcement.
Cencora, Inc. has recently taken significant steps to solidify its corporate governance and executive compensation framework. The Board approved an Indemnification Agreement ensuring protection and advance expenses for board members and executive officers, and amended the Shareholders Agreement with Walgreens Boots Alliance, increasing the maximum board size. Furthermore, new Employment Agreements for top executives including severance benefits and restrictive covenants were adopted, and the Company’s Bylaws were revised to streamline stockholder meeting procedures, clarify director participation in meetings, and set guidelines for emergency provisions. These changes enhance the company’s operational efficiency and ensure compliance with legal standards, potentially increasing investor confidence.
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