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Target shareholders reject proposal to appoint independent chairman

Target Corp. shareholders rejected a proposal calling for adopting a policy for an independent chairman at the company's annual shareholder meeting June 13.

According to a June 14 announcement, 28.2% of the votes were in favor of the proposal, but 71% were against it.

Meanwhile, the shareholders ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for fiscal 2017.