05:58 AM EDT, 06/11/2026 (MT Newswires) -- Target ( TGT ) shareholders opposed a proposal to separate board oversight from executive leadership, allowing former Chief Executive Brian Cornell to remain executive chair, Reuters reported Thursday, citing two sources familiar with the vote.

Proposals seeking reports on pesticides in private-label products and efforts to curb microfiber emissions also failed, while all director nominees were elected, pending the release of preliminary voting results, according to the report.

The vote comes amid investor concerns over Target's ( TGT ) governance and strategy following Cornell's transition to executive chair and a roughly 50% decline in the retailer's market value since 2021, Reuters added.

Target ( TGT ) didn't immediately respond to a request for comment from MT Newswires.

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