ISS and GLASS LEWIS Recommend that GM Shareholders Vote FOR ALL GM Board Nominees and AGAINST the Greenlight Proposal FOR THREE KEY REASONS
May 30, 2017 at 12:45 PM EDT
Greenlight’s Latest Letter Ignores Key Points and Advisory Services’ Analysis
Detroit, May 30, 2017 – GM today reminded shareholders that both ISS and Glass Lewis have recommended conclusively that GM shareholders vote the WHITE proxy card FOR ALL of the GM Board’s director nominees and AGAINST the Greenlight proposal for three key reasons:
- GM’s Board and management are already driving transformational change and creating value for shareholders
- The advisory services disagree with key Greenlight assumptions regarding the value creation potential of its proposal
- Each advises that the Greenlight nominees are definitively linked to Greenlight’s high-risk proposal
See materials under “Related Resources” for GM’s full press release.