Mondelez International Issues Presentation to Shareholders

Published: 2026-04-16 08:36:11 ET MDLZ

Published on 04/16/2026 at 08:36 am EDT

On April 16, 2026, Mondelez International, Inc. announced that it has issued a presentation to shareholders, stating that a shareholder proposal on adopt independent board chairman policy received for the 2026 annual meeting. In addition, the Company stated that its current By-Laws provide flexibility for the Board to determine the most appropriate leadership structure based on the Company?s needs and circumstances, with a robust Lead Independent Director role that overlaps with the responsibilities of an independent Board Chair and promotes strong oversight and accountability. Further, the Company stated that corporate governance practices include annual director elections by majority vote, annual self-assessments, shareholder rights to call special meetings, and direct communication with the Board.

Previous shareholder votes have consistently rejected similar proposals for an independent board chairman, and after careful consideration, the Board recommended the shareholders to vote against the proposal at the annual meeting of shareholders.