Independent investment Advisor Glasslewis: proposal to support gome Board of Directors

Source: Internet
Author: User
Keywords Advice investment Advisor
The diagram is a data map.  Ann from Shanghai, September 12 Afternoon news, Sina Finance exclusive learned that in Huang Guangyu and gome Board of the canvassing war into the white-hot level, the authoritative independent investment adviser Glass Lewis made a statement that the proposed shareholders in each motion to support the current management, to oppose Huang Guangyu nomination director's motion. Glass Lewis has stated that it is recommended that shareholders vote in each motion to support the current management, support Mr Chen and Mr Sun Yiding, and oppose Mr Wong's nominee, Mr. Shaochun, and Ms. Huangyanhong.  The consultancy also supported the re-election of Bain's three directors and supported the general mandate given to the board by the shareholders ' general meeting, and the flexibility to maintain new offerings. "We consider that the proposed dissident has failed to demonstrate any advantage in replacing the incumbent director with the candidate nominated by the nominee." The dissidents have not only provided little justification and analysis to support their proposals, but it is puzzling that, in the case of Mr. Huang's imprisonment, he has also chosen to act as a shareholder activist (taking action against the company). We think it would be unwise to suggest that shareholders should support the candidate nominated by Mr Wong. We also note that the dissidents did not provide justifications to support their general mandate to revoke the issuance of new shares (resolution 4).  "the company said. The company also said: We are concerned about the limited disclosure of dissidents, but believe that the board and management are doing well in dealing with the many difficulties brought by Mr Huang. We are also aware that the company has performed well under the leadership of Mr. Chen and the board, and that management has adjusted its development strategy to take into account a variety of negative impacts. During the most vulnerable period of the company, the board employs many external financial, accounting and corporate governance experts to advise the company.  In addition, the management team strives to rebuild its relationship with the company's suppliers and financiers, thereby improving the turnover. "On the basis of these considerations, and in view of the inadequacy of the reasonable arguments of the holders, we propose to the shareholders: 1, 2 and 3 resolutions, and against: 4, 5, 6, 7 and 8."  "Glass Lewis said.  Previously, the Gome board of Directors in a letter to Gome shareholders, said: "I urge you to vote in favour of the 1th, 2 and 3 resolutions and against Mr Wong's 4th, 5, 6, 7 and 8 resolutions." Gome September 28 will convene a special meeting of shareholders, Wong Kwong Yu's motion to vote. At present, the chairman of the Gome board of Directors Chen Xiao and the key figures of Huang Guangyu Camp Shaochun have arrived in Hong Kong, through various means to win the support of institutional investors, and a number of large institutional voting managers, in addition to the views of front-line managers are still waiting for independent motion advisor (Proxy Advisor) Report, Industry insiders believe that the report today will affect the voting intentions of some institutional investors.
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