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ISS says P&G investors should vote for activist investor Peltz
September 29, 2017 / 7:15 PM / in 2 months

ISS says P&G investors should vote for activist investor Peltz

NEW YORK, Sept 29 (Reuters) - Institutional Shareholder Services, the influential proxy adviser, said on Friday shareholders in Procter & Gamble Co should vote activist investor Nelson Peltz on to board of the consumer goods giant.

“The addition of one well-qualified nominee, who holds a large economic stake, appears likely to have benefits that outweigh the potential risks,” ISS said. “Support for dissident nominee Peltz is recommended.” (Reporting by Carmel Crimmins; Editing by David Gregorio)

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