7 Target Board Members In ISS' Crosshairs Over Data Breach

Law360, New York (May 28, 2014, 6:00 PM EDT) -- Proxy advisory firm Institutional Shareholder Services Inc. on Wednesday recommended that Target Corp. overhaul its board of directors, urging shareholders to vote to oust seven of the retail giant’s 10 board members over their purported mishandling of the massive data breach at Target last year.

An ISS spokesman confirmed to Law360 on Wednesday that ISS is recommending that certain Target directors not serve on the audit and corporate responsibility committees.

In what’s been described as an unusual move by a proxy advisory firm, ISS compiled a report recommending that Target shareholders vote to oust seven directors, including Anne Mulcahy, former chair and...

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