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Article: Sallie Mae responds to ISS report.
- Article from:
- Business Wire
- Article date:
- March 25, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON--(BUSINESS WIRE)--March 25, 1997--In response to inquiries, Sallie Mae (NYSE: SLM) Tuesday said the decision of Institutional Shareholder Services to support the call of Albert Lord for a special meeting of shareholders gave insufficient weight to corporate governance changes made by Sallie Mae last week.
Lord's special meeting would be separate from the special meeting called by Sallie Mae for May 15 to consider and vote on the company's plan of reorganization.
In response to shareholder concerns, Sallie Mae last week made significant changes to the corporate governance structure of its proposed plan. Once adopted, the new governance ...