Disney and Bob Iger have gained the approval of the independent proxy advisory company Glass Lewis in the company’s ongoing proxy battle. Glass Lewis suggested that Disney shareholders support the 12 Disney-chosen director candidates in a statement published on Monday.
The company’s report also suggested turning down the candidates proposed by Nelson Peltz’s Trian Partners and another firm, Blackwells Capital before Disney’s annual meeting on April 3. Glass Lewis highlighted The Walt Disney Company’s clear strategy, its strong additions to the board, and “measurable shifts” in the business since Iger's return as the reasons behind its recommendation.
More to come …
