Chico's eliminates special meetings

Chico's FAS Inc said June 24 that it has taken additional steps to demonstrate its ongoing commitment to strong corporate governance policies and practices. Chico’s has opted out of the control share acquisition statute under the Florida Business Corp Act. The women’s retailer said this eliminates the need for a special meeting and allows all shareholders to freely vote their shares. Chico’s has rebuffed several takeover bids from Sycamore Partners.

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