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Article: Proxy Advisors Glass Lewis and RiskMetrics Recommend Aderans' Shareholders Elect Steel Partners' Board Slate and Reject Unison's Proposal.
- Article from:
- Investment Weekly News
- Article date:
- June 6, 2009
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Steel Partners Japan Strategic Fund (Offshore), L.P. ("Steel Partners") announced that leading proxy advisory firms Glass Lewis & Co. ("Glass Lewis") and RiskMetrics Group ("RMG") each issued reports recommending that shareholders vote FOR Steel Partners' slate of director nominees (proposal 6) to the Board of Directors of Aderans Holdings Co., Ltd. (TSE Code: 8170) ("Aderans" or the "Company") at the Company's upcoming Annual General Meeting on May 28, 2009 (the "AGM").
Glass Lewis and RMG also recommended that Aderans' shareholders vote AGAINST management's proposal to tender the Company's treasury shares (proposal 5) in connection with the proposed tender ...