Ad Clicks :Ad Views : Ad Clicks :Ad Views : Ad Clicks :Ad Views : Ad Clicks :Ad Views : Ad Clicks :Ad Views : Ad Clicks :Ad Views : Ad Clicks :Ad Views : Ad Clicks :Ad Views : Ad Clicks :Ad Views : Ad Clicks :Ad Views : Ad Clicks :Ad Views : Ad Clicks :Ad Views : Ad Clicks :Ad Views :
img
Home / Auto / GM says ISS advises against Greenlight share plan, board nominees

GM says ISS advises against Greenlight share plan, board nominees

/
/
/
587 Views
Mary Barra, chairman and CEO of General Motors, holds a media briefing at the 2016 GM Annual Meeting of Shareholders on June 7, 2016 in Detroit.Getty Photographs
Mary Barra, chairman and CEO of Normal Motors, holds a media briefing on the 2016 GM Annual Assembly of Shareholders on June 7, 2016 in Detroit.
Normal Motors Co mentioned on Saturday that proxy advisory agency Institutional Shareholder Companies has beneficial that shareholders vote in opposition to a slate of administrators proposed by hedge fund Greenlight Capital and reject the hedge fund’s plan to divide GM shares into two courses.

The recommendation from ISS is a setback for Greenlight and its supervisor David Einhorn. They’ve mentioned GM shares are undervalued and can be extra engaging if the corporate divided its frequent inventory into shares that pay a dividend and shares that might mirror the automaker’s development potential.

Greenlight additionally has proposed a slate of three candidates for GM’s board of administrators.

On Friday, advisory agency Glass Lewis additionally suggested in opposition to Greenlight’s nominees for the automaker’s board and its share cut up plan.

Auto Insurance Quotes Auto Insurance Quotes

Free Nuremberg Auto Insurance Quotes?

Enter your Zip Code:

Leave a Comment

Your email address will not be published. Required fields are marked *

CommentLuv badge

This site uses Akismet to reduce spam. Learn how your comment data is processed.