$5.1 billion Hershey Co. has announced the resignation of two of its directors following a disagreement based on the company’s decision to establish a finance and risk-management committee. The committee would be in charge of reviewing the company’s annual plan and strategic matters such as acquisitions and dispositions.
Board members Charles Strauss and Arnold Langbo “decided to resign from the board of directors based on their views, expressed before the committee was established, that retaining responsibility for these matters with the board of directors as a whole was a better corporate governance structure for the company,” the Aug. 13 Securities and Exchange Commission filing said.
