Target Corp. is a well-known, nation-wide corporation that will soon been expanding internationally. Target’s goal is to provide exceptional quality merchandise and fresh foods for affordable prices. Their “Expect more. Pay less.” slogan goes far beyond just purchasing in store and online. Target provides exceptional service to their customers, whom they call “guests”, and provides benefits such as quarterly dividends to their stockholders. In the fiscal year, 2010, Target opened 13 new stores and of these new stores, 10 were in new locations. It is Target’s goal to create a convenient shopping experience across the U.S. In addition, Target Corp also supports strong corporate governance. Many of the corporate policies and practices that guide Target’s company were initialized more than 50 years ago when the Dayton brothers were the company’s leaders, however, the board of directors does recognize that policies and procedures must continually evolve to keep the business strong. There are three core elements to Target’s approach to governance: a highly independent and engaged Board of Directors, a management team whose interests are aligned with shareholders, and mechanisms that provide accountability to shareholders. The substantial majority of the Board of Directors is independent. Candidates are selected on several different basis, including: a history of success in their field, a relevant background in regards to business needs, and how well their skills and background will complement the diversity of the Board of Directors. All of the committees consist of exclusively independent directors. Target’s policy requires a mandatory retirement age for the Board. In addition to the retirement age, they require a maximum term limit and a separate three-year post-retirement term limit for directors. This ensures that Target Corp’s Board benefits from new and fresh