Corporate Governance Enhancements
GameStop also announced today that, following a review of peer and best practices, it has enhanced its corporate governance guidelines to ensure continual refreshment of its Board and Board Committees.
Effective immediately, the Company is targeting:
An average Board tenure for independent directors of less than ten years; and
Rotation of Board Committee members and chairs approximately every five years.
Ms. Vrabeck added, “We appreciate the perspectives and input of our shareholders, which we carefully considered in making changes to our corporate governance guidelines. The GameStop Board unanimously supports these enhancements, and we remain committed to ensuring that the Board is positioned to drive long-term value for all shareholders.”