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July 1, 2021

1. Do you think Ackman?s criticism of Target?s Board is justified? 2. Should investors side with Target?s Boa

1. Do you think Ackman’s criticism of Target’s Board is justified?

2. Should investors side with Target’s Board or Ackman’s proposed slate? Could the Board have done anything differently to avoid a public conflict with Ackman?

3. What are the general implications for company boards and corporate governance from the Target case and the SEC proxy access rules?

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