on Jan. 16 that “in the interest of continued co-operation,” the agreement with Elliott had been amended to extend Elliott’s deadline for appointing an additional director to March 17 from Jan. 31.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
over its lagging share price performance, missed production targets and poor safety record in recent years, including at least 12 fatalities since 2014. The agreement said Elliott would appoint three new independent directors to the Suncor’s board, with an option to appoint an additional director if certain performance criteria were not met by the end of 2022. The agreement stipulates that if Suncor’s total shareholder returns continued to underperform peers