General Mills (GIS) Shareholders Approved Limits On Blank Check Preferred Stock

General Mills (NYSE: GIS) shareholders approved restrictions on issuing new blank check preferred stock at the latest annual general meeting. Investors backed bylaw changes introducing officer exculpation provisions that limit certain personal liability for company executives. The AGM also endorsed a federal forum selection clause that directs Securities Act claims to federal courts rather than state venues. These new limits on blank check preferred stock and the bylaw shifts on liability...