Glass Lewis Supports Disney's Board Slate in Proxy Battle

Monday, 18 March 2024, 15:44
In a significant development, Glass Lewis has given its backing to Disney's board slate, leading to a 2% increase in the company's shares. This endorsement comes at a crucial juncture as Disney navigates the final stages of a fierce proxy battle. The support from Glass Lewis is likely to bolster investor confidence and influence the outcome of the ongoing board discussions.
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Glass Lewis Supports Disney's Board Slate in Proxy Battle

Glass Lewis Endorses Disney's Board Slate

Disney's (DIS) board candidates have received a crucial endorsement from the influential shareholder adviser Glass Lewis.

Proxy Battle Intensifies

The proxy fight at Disney enters its final weeks with the board candidates gaining support.

  • Increased Shares: The endorsement by Glass Lewis has led to a 2% rise in Disney's shares.
  • Investor Confidence: The backing of the board slate is expected to enhance investor confidence in Disney's strategic direction.

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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