Institutional Shareholder Services Supports Norfolk Southern's Board in Activist Showdown

Tuesday, 30 April 2024, 18:57

Proxy-advisory firm ISS has recommended shareholders vote in favor of most of Norfolk Southern's board nominees, while also backing five nominees put forth by activist Ancora. The firm's guidance highlights the importance of a balanced board and the ongoing battle for control at Norfolk Southern.

https://store.livarava.com/005534f1-0724-11ef-a6c0-63e1980711b2.jpg — Institutional Shareholder Services Supports Norfolk Southern's Board in Activist Showdown

Proxy-advisory firm ISS intervenes in Norfolk Southern board battle

In a move that could sway shareholder sentiment, Institutional Shareholder Services has thrown its support behind most of Norfolk Southern's board nominees. This recommendation comes as a blow to activist Ancora, which has been pushing for changes in the company's governance.

ISS calls for balance in the boardroom

ISS recommends backing majority of Norfolk Southern board
Support for five of activist Ancora's board nominees

The advisory firm's stance underscores the complexities of shareholder activism and the implications for corporate governance.

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.