Investors will back National Express board

first_img Share KCS-content whatsapp whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Wednesday 27 April 2011 7:54 pmcenter_img Investors will back National Express board by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastHero Wars This game will keep you up all night! Hero Wars Senior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsGundry MD Total Restore SupplementWhat Rice Does to the Human BodyGundry MD Total Restore SupplementSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm Oraclemoneywise.comKirkland Products That Are Actually Big Brands In Disguisemoneywise.com Show Comments ▼ EMBATTLED transport group National Express yesterday won the backing of three shareholder advisory groups ahead of its May annual meeting.ISS, PIRC and US-based agency Glass Lewis, which advise institutional shareholders, all now publicly support the board.National Express’ largest shareholder, activist hedge fund Elliott Advisors, has proposed three new directors join the board to overhaul strategy and consider the firm’s sale or merger.ISS told members to oppose all Elliott’s resolutions and support the board. “The turnaround led by CEO [Dean] Finch (pictured) has been a success, with National Express significantly outperforming peers since its 2009 rights issue,” it said. “The dissidents have not met their burden of proving that some change on the Board is warranted”. PIRC also recommended members vote against Elliott’s resolutions. “The board has gone through significant change recently…which indicates the nomination committee’s willingness to make governance changes,” it said. It also expressed concern at one of Elliott’s three proposed directors, Marc Meyohas, saying he “appears to have no history of sitting on the board of listed companies other than…a company that Elliott invests in.” Elliott has said Meyohas was sourced independently by two recruitment agencies. Proxy voting on all AGM resolutions closes on 4 May. Tags: NULLlast_img

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