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ISS recommends investors reject TCI proposal to oust LSE chairman
December 6, 2017 / 1:13 PM / 7 days ago

ISS recommends investors reject TCI proposal to oust LSE chairman

LONDON, Dec 6 (Reuters) - Institutional Shareholder Services, the influential investor advisory group, has recommended London Stock Exchange investors reject a resolution from activist hedge fund TCI calling for the immediate removal of chairman Donald Brydon.

ISS said that TCI, which is a 5 percent investor in the LSE, “has not made a sufficiently convincing case” to oust Brydon at a shareholder meeting on Dec. 19. (Reporting by Ben Martin; editing by Simon Jessop)

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