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on August 1, 2011
Maple Leaf Foods implements governance structure changes
Maple Leaf Foods Inc.has announced a newgovernance agreementwith Michael H. McCain, the company's president and CEO, and McCain Capital Corporation, the company's largest shareholder, and the adoption of a shareholder rights plan.
"These initiatives establish an enhanced governance framework for Maple Leaf Foods," said James Hankinson, chair of the Special Committee. "We go forward with a board and management team that are intent on building shareholder value."