Franklin Resources, Inc. (BEN, Financial), a prominent player in the financial services industry, has announced an amendment to its corporate bylaws, effective July 8, 2025. The company's Board of Directors has approved the addition of a new Section 7.9, which introduces a forum selection clause. This clause designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for specific legal actions involving the company, its directors, officers, employees, or agents, unless an alternative forum is consented to by the Board.
This strategic move aims to streamline legal proceedings and ensure consistency in the adjudication of disputes related to the company's governance. By centralizing such legal matters in Delaware, Franklin Resources, Inc. seeks to leverage the state's well-established legal framework and expertise in corporate law.
The amendment reflects the company's proactive approach to corporate governance and risk management, aligning with best practices in the industry. Investors and stakeholders are encouraged to review the full text of the amended bylaws, which have been filed as part of the company's Form 8-K with the Securities and Exchange Commission.
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