WisdomTree Defies Will Of Stockholders With Appointment Of Win Neuger As Board Chair
Portfolio Pulse from Benzinga Newsdesk
WisdomTree has appointed Win Neuger as Board Chair, despite him receiving the most withheld votes of any incumbent director at the 2023 annual meeting of stockholders. This move is seen as a rebuke to stockholders and proxy advisor Institutional Shareholder Services (ISS), who have called for urgent and meaningful Board change. The Board continues to maintain a two-tiered structure where only long-tenured and non-diverse directors hold key roles. ETFS Capital has called on WisdomTree stockholders to voice their views to the Board.
June 30, 2023 | 12:48 pm
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NEGATIVE IMPACT
WisdomTree's appointment of Win Neuger as Board Chair, despite stockholder opposition, could lead to increased tension between the company and its shareholders. This could potentially impact the company's stock price.
The appointment of Win Neuger as Board Chair, despite significant opposition from shareholders, indicates a disregard for shareholder sentiment. This could lead to increased tension between the company and its shareholders, which could potentially impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100