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General

Proxy adviser ISS tells TIM investors to back Elliott in board fight - report

Tuesday 12 March 2019 | 09:59 CET | News
Proxy advisory firm International Shareholder Services (ISS) has recommended that investors in Telecom Italia (TIM) vote against Vivendi's proposal to remove five Elliott-appointed directors at a shareholders' meeting later this month, reports business daily Milano Finanza. The 29 March meeting will see shareholders vote on a request by leading shareholder Vivendi to remove five board members appointed by the US activist fund on grounds of what the French company claims is a "substantial lack of independence".

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