Proxy Advisor Supports Activist Politan Nominees Against Masimo's Board

Friday, 12 July 2024, 12:32

In a scathing report, a prominent advisory firm endorses activist Politan nominees Jellison and Solomon, accusing Masimo CEO Joe Kiani of exerting excessive control over the company. The report emphasizes the need for independent representation on Masimo's board, highlighting governance concerns raised by the advisor.
CNBC
Proxy Advisor Supports Activist Politan Nominees Against Masimo's Board

Scathing Proxy Advisor Report on Masimo

In a recent development, a proxy advisor has publicly endorsed activist Politan nominees Jellison and Solomon, criticizing Masimo CEO Joe Kiani for his domineering approach towards the company's board.

Call for Independent Representation

The report asserts the necessity of independent voices on Masimo's board to ensure transparency and accountability amidst existing governance challenges.

  • Proxy advisor endorses activist Politan nominees Jellison and Solomon
  • Accusations of CEO exerting undue control over Masimo's board
  • Emphasis on the need for independent representation for shareholders' interests

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.


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