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General

Proxy adviser Glass Lewis tells TIM investors to back Elliott's proposals

Monday 9 April 2018 | 08:53 CET | News
Proxy adviser Glass Lewis has recommended that investors in Telecom Italia (TIM) support a proposal by activist fund Elliott to replace six of the operator's board members to counter how the operator's largest investor Vivendi is running the company, according to a report seen by Reuters. "Elliott's proposals provide the opportunity to functionally evict those directors clearly serving Vivendi's interests and replace them with new, independent candidates bringing experience and expertise plainly germane to Telecom Italia's operational scope and strategy," said the document.

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