On December 26, 2012, CBRE Group, Inc. announced that its Board of Directors increased the size of the Board from 11 to 12 directors and the Company entered into a Nomination and Standstill Agreement dated December 21, 2012, with VA Partners I, LLC, ValueAct Capital Master Fund, L.P., ValueAct Capital Management, L.P., ValueAct Capital Management, LLC, ValueAct Holdings, L.P., ValueAct Holdings GP, LLC, and Brandon B. Boze (collectively, the ‘ValueAct Group'). Pursuant to the Agreement, the Board appointed Brandon B. Boze to the Company's Board, effective immediately, to serve until the Company's 2013 annual meeting of shareholders.