Target shareholders approve all 10 board nominees

Published June 11, 2014 9:38pm ET



NEW YORK (AP) — Target shareholders elected all 10 nominees to the company’s board despite recommendations from a prominent proxy advisory firm to get rid of the majority in the wake of massive data breach.

Institutional Shareholder Services last month targeted seven members who serve on the company’s audit or corporate responsibility committees because they failed to spot the security threat. Included on that list were Anne Mulcahy, former chair and CEO at Xerox, and James A. Johnson, who was once the CEO at Fannie Mae.

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