Flowers Agrees to Adopt Corporate Governance Reforms Sample Clauses

Flowers Agrees to Adopt Corporate Governance Reforms. Flowers, through the Board, shall adopt and/or maintain the corporate governance reforms detailed below (the “Reforms”) within sixty (60) calendar days of the entry of the Judgment following final approval of the Settlement. Flowers shall take the necessary steps to adopt and implement the Reforms, to the extent that such Reforms have not already been adopted and implemented. Except where specified otherwise, the Reforms shall be maintained for a period of no less than four (4) years from the date of implementation, except for modification required by applicable law, regulation, or technological advancements. Flowers acknowledges that the adoption of the corporate governance Reforms confers a benefit upon the Company and that the Actions and the Shareholder Demand were factors in Company’s adoption of the Reforms.
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