The Traderszone Network

Published in TZ Latest News 25 February, 2015 by The TZ Newswire Staff

Citigroup to be latest to embrace proxy reform for shareholders

Citigroup Inc (C.N) said it will support a rule change to make it easier for shareholders to nominate directors, making it the latest large company to embrace the controversial reform. James McRitchie, a private shareholder who often files corporate governance resolutions, said on Wednesday that Citigroup officials told him they will back a proposal he submitted for a vote at the company’s annual meeting in April.     A bank representative confirmed it will support the shareholder resolution.

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