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Comcast adopts new proxy access rules

Comcast Corp.'s board Jan. 25 adopted amendments to the company's bylaws to implement proxy access for director nominations.

The amendment allows a stockholder, or a group of up to 20 stockholders, who has owned at least 3% of the outstanding shares of the company's outstanding common stock for at least three years continuously, to nominate and include in Comcast's proxy materials director nominees constituting up to the greater of 20% of the total number of board members or two directors, provided the stockholder(s) and the nominee(s) fulfill the requirements specified in the bylaws.