Southside Bancshares, Inc. announced that on November 8, 2024, its Board of Directors adopted an amendment to its Bylaws, effective immediately. The amendment introduces a new Section, which mandates that executive sessions of the Board, attended only by independent directors, be held at least annually. It also outlines the provision for appointing a lead independent director for a one-year term. If the Chairman is independent, they will assume the lead director's duties without the need for electing another lead director.
Names mentioned: - Southside Bancshares, Inc. - Julie N. Shamburger, CPA