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Reinsurance Group of America wants to declassify board

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Reinsurance Group of America wants to declassify board

Reinsurance Group of America Inc. shareholders will vote May 23 to declassify the board and to remove the 85% supermajority voting threshold on certain provisions.

If the declassification proposal is approved, all directors will stand for election for one-year terms. The company first proposed board declassification in 2013 but failed to secure the required votes.

The board recommends that shareholders approve both proposals.