Commercial real estate services and investment company CBRE Group Inc. said its charter amendment proposal to reduce to 25% the share ownership threshold required for its stockholders to request a special meeting was approved.
The alternate nonbinding shareholder proposal to give CBRE holders of an aggregate of about 10% of the company's outstanding common stock the power to call special meetings was rejected.
The charter amendment went into effect May 18, following shareholder approval at the company's annual meeting held the same day.
