Adams Funds Announce Governance Updates
Adams Diversified Equity Fund Inc. (ADX)
US:NYSE Investor Relations:
adamsfunds.com/funds/diversified-equity/at-a-glance
Company Research
Source: GlobeNewswire
BALTIMORE, June 03, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX), and Adams Natural Resources Fund, Inc. (NYSE: PEO) announced today that the Board of Directors of each Fund has unanimously approved several governance updates: election of a classified board structure and adoption of certain bylaws amendments. The Funds have each elected to be subject to Maryland Corporations Code Section 3-803, which provides for a classified board structure consisting of three director classes of three years each. These elections strengthen the stability of Fund oversight and operations, furthering each Fund’s objectives and serving the long-term interests of shareholders and the Funds. The Funds also have approved bylaws amendments, including those related to director qualifications. The Funds’ Boards of Directors approved these governance changes following an extensive review and evaluation of possible alternatives and enhancements designed to safeguard and advance th
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ADX
Sec Filings
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- ADX's page on the SEC website