other
confidence high
sentiment neutral
materiality 0.15
MetLife unit amends by-laws: special board meetings, chairman no longer officer, multiple presidents allowed
METROPOLITAN LIFE INSURANCE CO
- NY DFS Superintendent approved by-law amendments for MetLife Insurance subsidiary, effective Dec. 21, 2023.
- Special board meetings may be called on such notice as the caller deems necessary.
- Chairman of the Board is no longer an officer position.
- By-laws now allow appointment of more than one President and remove certain President powers.
- Metropolitan Life Insurance Co. is a wholly-owned subsidiary of MetLife, Inc.; changes are procedural.