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Jones Lang LaSalle adopts proxy access

Commercial real estate services and investment management company Jones Lang LaSalle Inc. amended its bylaws to add a proxy access provision.

Under the amended bylaws, a stockholder or group of up to 20 shareholders that have continuously owned 3% or more of the company's outstanding common stock for at least three years as of the date of the nomination notice may submit director nominees up to the greater of two individuals or 20% of the board.

The change went into effect immediately upon the board's approval March 2.