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Greenhill shareholders to vote on majority voting rule for director elections

Greenhill & Co. Inc. shareholders will vote on whether to have board directors be elected by a majority vote, instead of a plurality vote, at their annual shareholders' meeting April 24.

The shareholder proposal says that more than 77% of S&P 500 companies have adopted this voting system for uncontested elections and that a majority vote system could lead to improved performance by directors and the whole board.

Greenhill's board made no recommendation to shareholders regarding this proposal.