In doing so, the shareholders signaled support for the company's handling of the data breach, its efforts to turn around its struggling Canadian operations and its work to reverse sales declines in U.S. stores.
The board election results, announced during the company's annual meeting, had come under greater scrutiny recently after
"We have already taken decisive action," said
Speaking to the crowd of about 100 people at the event above
In addition, the company has accelerated its plan to enhance its Redcards with chip-and-pin technology and is undergoing a total re-examination of its risk management structure, Austin said.
"We're going to set the bar high," she said. "We strive to be not just the best in retail but to be among the best, period."
The board also announced Wednesday that it has raised
"But they put the management on notice," he said. "If there are more problems going forward ... then it could be more serious next time."
He added that it will be interesting to see the official vote totals when they are released to see how close some of those directors came to being defeated.
During the meeting, Austin said the challenges in the last year have tested the company's resilience. But she said the board has taken action to fix some of the problems, including finding new leadership.
'Total confidence' in CEO
Austin added that the board has "total confidence" in Mulligan and the management team, and has given them a clear mission: "We need to aggressively move
In addition to re-electing board members, shareholders also approved the company's executive compensation plan. In the past year, the company has tweaked its plan to tie it more closely to performance after shareholders only approved it by 52 percent the previous year in the say-on-pay vote.
But shareholders rejected a proposal, opposed by the board, to require an independent chairman.
In the past few months,
And in recent weeks Mulligan has been more open in acknowledging that the company hasn't been quick enough to roll out new initiatives and sometimes has gotten bogged down in bureaucracy.
On Wednesday, he said the company is focused on moving faster and is investing in technology in order to improve its omnichannel efforts.
"We're empowering team members to take smart risks," he said. "And holding ourselves accountable for the results."
Only two questions
The company faced a friendly crowd with just a smattering of shareholders in attendance. Only two people asked questions at the end of the meeting.
One of them,
He suggested that the board consider hiring
Outside the meeting, about 15 women demonstrated in the park across the street carrying signs that said "
The women belong to a group called Moms Demand Action for Gun Sense in America, which launched a campaign last week using pictures of gun-rights activists in
The group says it has collected more than 200,000 signatures to date on its online petition and has begun delivering it this week to
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