Institutional Shareholder Services Back Nelson Peltz in Disney Board Battle
Thursday, 21 March 2024, 14:05
Nelson Peltz's Bid for Disney Board Gets Boost
In a recent development, Institutional Shareholder Services (ISS) has officially recommended that Disney shareholders vote in favor of adding Nelson Peltz to the company's board of directors.
Implications of ISS's Decision
This endorsement signifies a crucial turning point in the activist investor's campaign to secure a seat on Disney's board, potentially altering the dynamics of the ongoing battle for control.
- High Stakes: ISS's backing adds significant momentum to Peltz's efforts to influence Disney's strategic direction.
- Low: Shareholders' votes in the upcoming board election are anticipated to reflect the impact of ISS's influential recommendation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.