Ritchie Bros. Auctioneers Adopts Amended And Restated By-laws

(RTTNews) - Ritchie Bros. Auctioneers Inc. (RBA, RBA.TO) said that its Board has adopted amended and restated by-laws and a Say on Pay Policy as part of the Corporation's continued commitment to implementing good corporate governance practices. Commencing with the Corporation's 2015 annual meeting, shareholders will vote on an advisory resolution with respect to the Corporation's approach to executive compensation.

The amendments to the Corporation's by-laws include adding advance notice provisions with respect to the nomination of directors for election to the Board; increasing the quorum for shareholder meetings from 5% to 33%; and providing that the chairman of a meeting does not have casting vote in the event of an equality of votes.