spot_img
23.2 C
London
HomeBollywoodDisney Rejects Proxy Advisory Firm ISS Advice To Shareholders About Nelson Peltz

Disney Rejects Proxy Advisory Firm ISS Advice To Shareholders About Nelson Peltz


The fight for the future of the Walt Disney Company got very fast and furious this morning.

Just minutes after influential proxy advisory board  Institutional Shareholder Services recommended adding activist investor Nelson Peltz to the Disney board, the chairman struck back with a blunt dismissal.

“While we’re heartened to see support for Michael Froman and ISS’ recommendation to withhold on dissident directors Jay Rasulo and the Blackwells’ nominees, we strongly believe that ISS reached the wrong conclusion in its recent report when it comes to adding Nelson Peltz to the board,” Disney board boss Mark Parker said Thursday. “In contrast to Glass Lewis, ISS fails to acknowledge the breadth of perspective and expertise Ms. Lagomasino adds to the Board. The strong recent performance and results overseen by the Disney Board demonstrate our focus on long-term shareholder value creation and succession planning an our commitment to good governance practices”

MORE



Source link

spot_img

latest articles

explore more

LEAVE A REPLY

Please enter your comment!
Please enter your name here