Independent proxy advisory firm Institutional Shareholder Services, or ISS, recommended that Phillips 66 (PSX) shareholders support the four board nominees backed by Elliott Investment Management for "meaningful boardroom change" at Phillips 66.
ISS said in a Monday statement that Elliott is among the top five Phillips 66 shareholders through certain funds that it manages and its nominees are Brian Coffman, Sigmund Cornelius, Michael Heim, and Stacy Nieuwoudt.
The advisory firm cited Phillips 66's "disappointing" performance and "poor" governance as some of the reasons driving the need for a change in the company's board. According to ISS, advisory firms Egan-Jones Ratings and Glass, Lewis also recommended a revamp of Phillips 66's board.
Phillips 66 is set to hold the election of board members at its annual meeting on May 21.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。