trending Market Intelligence /marketintelligence/en/news-insights/trending/q1GqGDTtvmOkHvPUUhfcwA2 content esgSubNav
In This List

CIT shareholders approve proposal to allow director removal 'with or without cause'

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition


CIT shareholders approve proposal to allow director removal 'with or without cause'

CIT GroupInc.'s shareholders, at their May 10 annual meeting, approved aproposal that wouldallow a simple majority of shareholders to remove a director from the company'sboard "with or without cause."

Previously, a director could be removed only "forcause" and after an affirmative vote of 66.66% of the voting power ofshareholders.