ISS recommends McDonald’s shareholders back management directors in fight with Icahn -Breaking
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© Reuters. FILE PHOTO: Billionaire activist-investor Carl Icahn provides an interview on FOX Enterprise Community’s Neil Cavuto present in New York February 11, 2014. REUTERS/Brendan McDermid/File PictureBOSTON (Reuters) – Proxy advisory agency Institutional Shareholders Providers on Monday beneficial that McDonald’s Corp (NYSE:) shareholders vote for the corporate’s administrators as a substitute of the 2 candidates activist investor Carl Icahn has proposed.
“The dissident marketing campaign has not made a ample case, on an issue-specific or broader view of ESG, that the quick substitute of incumbent administrators is important presently,” ISS wrote within the report it despatched to shoppers on Monday morning.
Icahn is attempting to persuade shareholders so as to add his director nominees to the board to carry the corporate accountable to pledges it made a decade in the past to cease shopping for pork from producers that use gestation crates.
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