ISS endorses most of activist Ancora's nominees for Norfolk Southern board
Publishing timestamp: 2024-04-30 12:00:04
Summary
ISS recommended that Norfolk Southern shareholders support five of Ancora's seven nominees, but withhold support from CEO pick Jim Barber. Glass Lewis also recommended supporting most of Ancora's nominees. ISS did not support current board chair Amy Miles. Both proxy advisory firms provided a clear mandate for change, but did not suggest giving Ancora full control of the board. Norfolk Southern has taken steps to address investor concerns.
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Source: https://www.cnbc.com/2024/04/30/iss-endorses-most-of-ancora-nominees-for-norfolk-southern-board.html