The Walt Disney Company Comments On ISS Recommendation; Disagrees With ISS's Recommendation To Support Trian Nominee Nelson Peltz; Believes Disney's 12 Board Nominees Are Best Qualified To Provide Diligent Oversight Of Management
Portfolio Pulse from Benzinga Newsdesk
The Walt Disney Company (Disney) has publicly disagreed with the Institutional Shareholder Services' (ISS) recommendation to support Trian nominee Nelson Peltz for Disney's board. Disney believes its 12 nominated board members are better suited to oversee the company's management diligently.
March 21, 2024 | 2:55 pm
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NEUTRAL IMPACT
Disney's public disagreement with ISS over board nominee recommendations may influence investor sentiment and potentially impact board dynamics.
The public disagreement between Disney and ISS over the nomination of Nelson Peltz to Disney's board could lead to uncertainty among investors regarding the company's governance and future direction. However, the impact on the stock price in the short term is likely to be neutral as investors may adopt a wait-and-see approach to how the board dynamics evolve and how it might affect Disney's strategic decisions.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90