In the Margins

MetLife board: Shareholders can call special meetings

March 22, 2016

By MetLife

The MetLife board of directors has adopted an amendment to the company’s bylaws that would allow shareholders owning 25% or more of the company’s common stock to call a special meeting of shareholders, subject to certain customary conditions. “MetLife’s board of directors continuously evaluates ways to enhance its corporate governance practices,” Cheryl Grisé, lead independent director and chair of the Governance and Corporate Responsibility Committee, said. “We are pleased to take this action that, similar to our recent adoption of proxy access, demonstrates our commitment to acting in the best interest of our shareholders.” Read the full release from MetLife.