Two shareholders of SunTrust Banks Inc. have drafted a proposal seeking more minority representation on the $95.4 billion-asset company's board of directors.

Charles and Lois B. Edwards of Longboat Key, Fla., submitted a plan to be considered at the April 18 annual meeting. They say that to remain competitive the company must adopt a policy of seeking out women and minorities as directors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.