Conagra Brands recently expanded its board of directors to 12 members by appointing former Target executive John Mulligan and former US Foods CEO Pietro Satriano, assigning them to key governance and audit/finance committees. These appointments arrive as Conagra Brands draws attention for having the highest dividend payout ratio in the S&P 500, raising questions about how board oversight will influence capital allocation and financial resilience. Next, we will examine how Conagra’s elevated...