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Proxy advisory firm ISS recommends Disney shareholders elect Nelson Peltz to board

By Reuters   |   Mar 21, 2024 at 09:47 AM EST
Proxy advisory firm ISS recommends Disney shareholders elect Nelson Peltz to board

NEW YORK (Reuters) - Proxy advisory firm Institutional Shareholder Services (ISS) on Thursday recommended Disney shareholders elect Trian Fund Management's Nelson Peltz to the entertainment giant's board.

"Dissident nominee Peltz, as a significant shareholder, could be additive to the succession process, providing assurance to other investors that the board is properly engaged this time around," the report seen by Reuters said.

(Reporting by Svea Herbst-Bayliss)

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