SunEdison, Greenlight Capital Agree To Corporate Governance Initiatives

(RTTNews) - SunEdison Inc. (SUNE) and Greenlight Capital Inc., announced two mutually agreed upon corporate governance initiatives.

As per the arrangement, SunEdison appointed Claire Gogel as an independent director, effective immediately. Gogel is a private investor and a former Partner at Greenlight Capital, with 20 years of experience in portfolio and hedge fund management. She will also be joining the Nominating and Corporate Governance Committee and the Finance and Investment Committee of SunEdison's Board of Directors.

Under the same arrangement, following the closing of its pending acquisition of Vivint Solar, SunEdison will amend its bylaws to provide that, for a period of two years, the Company will not be permitted to make equity issuances without a supermajority vote of the Board , except in limited circumstances.

The bylaw amendment will not affect any of the Company's contractual commitments existing at the time it is adopted. Until the bylaw amendment is effective, the Company will consult with Greenlight Capital regarding issuances of equity securities, with certain exceptions.