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February 11, 2015

General Electric to allow shareholders to nominate directors

WASHINGTON - General Electric Co. <GE.N> changed its bylaws earlier this month to create an easier path for shareholders to nominate directors to its corporate board, the company disclosed in a filing on Wednesday.

Under the new rules, a single shareholder or a group of up to 20 shareholders who own more than 3 percent of the company's stock for at least three years will be allowed to nominate up to 20 percent of the board's directors.