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Victoria's Secret parent L Brands to bolster corporate governance in settlement of stockholder derivative claims

·1 min read
Victoria's Secret parent L Brands to bolster corporate governance in settlement of stockholder derivative claims
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L Brands Inc. said Friday it will invest $45 million over at least the next five years to implement a suite of corporate governance measures agreed to as part of a settlement of stockholder derivative claims. The parent of Victoria's Secret and Bath & Body Works, said changes include maintaining a Diversity, Equity and Inclusion council, bolstering policies and procedures for reporting and investigating sexual harassment claims and hiring a DEI consultant. The company is spinning of Victoria's S