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General

Glass Lewis advises TIM shareholders to reject Vivendi changes

Thursday 14 March 2019 | 09:09 CET | News
Glass Lewis has become the latest proxy advisory firm to issue a statement saying shareholders in Telecom Italia (TIM) should reject a proposal by leading investor Vivendi's to remove five Elliott-appointed directors at a shareholders' meeting later this month, reports Reuters. "In our view, Vivendi has compiled a markedly incomplete case for change, with arguments that rely much more heavily on specious allegation, partial disclosure and self-exculpatory perspectives than objective fact," said Glass Lewis. The firm is the third proxy adviser to recommend that TIM's shareholders vote against

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Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Spain
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