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BB&T implements shareholder proxy access

The board of Winston-Salem, N.C.-based BB&T Corp. adopted amendments to the company's bylaws to allow proxy access.

A shareholder or group of shareholders - with up to 20 shareholders - that own a 3% stake or more and have owned the stake for at least three years may now nominate and include in the company's annual meeting proxy materials director nominees constituting up to the greater of two individuals or 25% of the board.

Both shareholders and nominees must satisfy requirements specified in the amended bylaws.