Gold bars to be exempt from tariffs, White House clarifies
HSBC USA Inc. (NYSE:HSBC) has announced amendments to its bylaws, including gender-neutral language updates and changes to non-executive director appointments. The modifications, approved by the Board of Directors on Thursday, took effect immediately.
The language changes include replacing the term "Chairman" with "Chair" and "his/her" with "their," reflecting a broader movement towards inclusivity in corporate governance. Additionally, the bylaws now allow for more flexibility in the succession planning of the Board by setting the expiration of non-executive directors’ appointments to the third anniversary of their appointment date or at the first annual stockholders’ meeting after this date.
This initiative is part of a growing trend among corporations to modernize their governance documents to be more inclusive and to adapt to changing expectations around corporate leadership structures.
The updated bylaws are available as Exhibit 3.2 attached to the SEC filing, providing full details of the changes. This move by HSBC USA underlines the company’s commitment to aligning its corporate practices with contemporary standards of diversity and flexibility.
Investors and stakeholders can review the amended bylaws in the SEC filing to understand the full scope of the changes implemented. The information in this article is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.