Updated Mar 21, 2026 by Take-Two Interactive
The board must consist of between one and ten members, with a mandate that at least two-thirds of the directors maintain independent status.
Four standing committees—Executive, Audit, Compensation, and Corporate Governance—are required, each operating under its own written charter.
A mandatory clawback policy empowers the board to recover executive incentive compensation if payments were based on financial results linked to fraudulent or illegal conduct.
To align director interests with shareholders, a portion of all director compensation must be paid in company equity.
The Corporate Governance Committee is responsible for conducting annual board self-evaluations and affirmatively verifying the absence of material relationships between independent directors and the company.
The board is required to dedicate specific annual sessions to strategic planning and the succession of senior management.
The board holds the authority to restrict the number of outside directorships held by its members to mitigate conflicts of interest and time commitment concerns.
The board must consist of between one and ten members, with a mandate that at least two-thirds of the directors maintain independent status.
Four standing committees—Executive, Audit, Compensation, and Corporate Governance—are required, each operating under its own written charter.
A mandatory clawback policy empowers the board to recover executive incentive compensation if payments were based on financial results linked to fraudulent or illegal conduct.
To align director interests with shareholders, a portion of all director compensation must be paid in company equity.
The Corporate Governance Committee is responsible for conducting annual board self-evaluations and affirmatively verifying the absence of material relationships between independent directors and the company.
The board is required to dedicate specific annual sessions to strategic planning and the succession of senior management.
The board holds the authority to restrict the number of outside directorships held by its members to mitigate conflicts of interest and time commitment concerns.