Lee Enterprises announces board and corporate governance enhancements

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Lee Enterprises, Incorporated has announced that digital media expert Megan Liberman has been appointed as a new independent director to the company's board. The company also announced several corporate governance enhancements.

Liberman is currently senior vice president, news, talk and entertainment at SiriusXM, where she is responsible for content and strategic direction of the talk portfolio, overseeing 60 original and partner channels and managing a staff of approximately 350. Previously, she was vice president and editor-in-chief of the Yahoo News Group from 2013 to 2017 and spent 13 years at The New York Times, most recently as deputy news editor for digital development from 2010 to 2013.

"On behalf of the Lee Board of Directors, I'm pleased to welcome Megan to the board. As a lifelong journalist and highly accomplished digital media executive, Megan brings top-tier experience and tremendous expertise developing and implementing effective digital platform strategies and directing award-winning editorial content," said Mary E. Junck, chairman, Lee Enterprises. "This appointment is consistent with our ongoing commitment to bring new perspectives and capabilities to our board as we continue our digital transformation. We are confident that Megan's unique perspectives will complement our directors' skills and experiences, and that she will be an outstanding addition to the board."

Liberman stated, "I'm thrilled to be joining the Lee Enterprises board. Local news is vital to communities and to a healthy democracy, and I am excited to be working with a company that is so committed to quality journalism and keeping citizens informed. I look forward to helping the Lee team build on its many successes."

Liberman's appointment, which is effective immediately, will increase the size of the Lee Board of Directors to 10 members.

Corporate governance enhancements

Lee also announced that its board has unanimously adopted and approved, effective immediately, amended and restated bylaws, including implementing:

  • A majority voting standard for the election of directors in uncontested elections.
  • Proxy access, providing shareholders who satisfy the requirements specified in the amended bylaws the ability to include their own nominees in the company's proxy statement.
  • Substantially more time for shareholders to submit proposals and director nominations for consideration at annual meetings.

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