MetLife Adopts Proxy Access Bylaw Amendment

(RTTNews) - MetLife Inc. (MET) announced that its board has adopted proxy access amendments to the company's bylaws, enabling eligible shareholders to have their own director nominees included in the company's proxy materials. The board proactively adopted these amendments as part of its ongoing commitment to corporate governance best practices.

Under the amendments, the company will include in its proxy materials nominees for up to 20 percent of the board who are proposed by a shareholder, or a group of up to 20 shareholders, who own 3 percent or more of the company's outstanding shares of common stock continuously for at least three years.

The shareholders and nominees must satisfy requirements specified in the bylaws. Proxy access will first be available to shareholders in connection with MetLife's 2016 annual shareholders meeting.