CALABASAS HILLS Calif. The Cheesecake Factory Inc. has proposed that terms on its board of directors be reduced from three years to one as part of a series of governance changes announced Monday. The change in directors’ terms of service would be subject to a shareholder vote. Other changes in the casual-dining company’s bylaws and governance policies are being adopted after unanimous approval by the board.Those measures include the requirement that directors be approved by a majority ...
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