The Traderszone Network

Published in TZ Latest News 11 February, 2015 by The TZ Newswire Staff

General Electric to allow shareholders to nominate directors

General Electric Co (GE.N) will allow shareholders to nominate their own corporate directors, becoming one of the few companies to adopt proxy access reforms in a move that could pave the way for others. The company said the new bylaws, which went into effect Feb. 6, will allow a single shareholder or a group of up to 20 shareholders who own more than 3 percent of the company’s stock for at least three years to nominate up to 20 percent of the board’s directors. GE’s move, disclosed in a filing with the U.S.

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