REUTERS: Proxy adviser Glass Lewis & Co has recommended that investors in natural gas producer EQT Corp vote in favor of the company's board nominees, putting it at odds with another proxy advisory firm which recommended voting in favor of a competing slate of directors proposed by Toby and Derek Rice.
The Rice brothers were part of the founding team at Rice Energy, which was bought by EQT in November 2017. They say EQT management is responsible for the company's underperformance since the deal, and have pushed for an overhaul of its board. "EQT believes shareholders should question the merit of a 3per cent shareholder seeking to be CEO and replace management and a majority of the board," the company said in a statement.Glass Lewis also said management should be given a reasonable amount of time by the shareholders to achieve targets before seeking further changes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
When controversies hit, wait-and-see no longer works, US companies findWhen Bank of America Corp held its annual meeting in April, activists insisted it stop financing private prison companies.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Jony Ive to leave Apple and form his own design companyIn something of a bombshell revelation, Apple today disclosed via a press release that legendary designer Jony Ive is planning to leave the company later on in the year. Following that, Ive will open an independent design studio that will have Apple as one of its clients.'While he pursues personal
Source: YahooSG - 🏆 3. / 71 Read more »
New framework launched to boost trust in data sharing among companiesSINGAPORE In a future world crazy about data hospitals may soon sell anonymised patient information to pharma companies ride-hailing firms may sell their drivers behavioural data to insurance businesses and telcos may trade their customers location data with mall operators.
Source: TODAYonline - 🏆 1. / 99 Read more »
Memtech extends close of cash offer to delist company to July 12MEMTECH International has extended the closing date of a voluntary conditional offer from controlling shareholders, the Chuang family, to delist the Singapore-listed electronics components manufacturer. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »