other_material
confidence high
sentiment neutral
materiality 0.30
Truist amends bylaws with director age cap of 75 and enhanced shareholder proposal disclosure
TRUIST FINANCIAL CORP
- Directors will not be nominated for term starting after they turn 75.
- Enhanced disclosure requirements for shareholder proposals and director nominations.
- Lead Independent Director may now call special board meetings.
- Clarified process for fixing officer compensation and board action without a meeting.
- Removed provisions on board oversight of contracts, loans, deposits to align with practices.
item 5.03item 9.01