Proxy Advisory Firms Endorse Elliott's Nominees for Phillips 66 Board, Urge Shareholders to Vote for Change at Upcoming 2025 Meeting

Reuters
05-13
Proxy Advisory Firms Endorse Elliott's Nominees for <a href="https://laohu8.com/S/PSX">Phillips 66</a> Board, Urge Shareholders to Vote for Change at Upcoming 2025 Meeting

In a significant development ahead of the Phillips 66 Annual Meeting of Shareholders on May 21, 2025, leading independent proxy advisory firms, including Institutional Shareholder Services Inc. (ISS), Glass, Lewis & Co., LLC, and Egan-Jones Ratings Company, have recommended that shareholders vote for all four director nominees proposed by Elliott Investment Management L.P. Elliott, a top-five shareholder in Phillips 66, has advocated for change, citing the company's disappointing operating performance, poor corporate governance, and lack of transparency. ISS validated Elliott's case, emphasizing the need for improved accountability and governance at Phillips 66. The recommended nominees are Brian Coffman, Sigmund Cornelius, Michael Heim, and Stacy Nieuwoudt, who are expected to drive long-term performance improvements if elected to the board.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via PR Newswire (Ref. ID: NY86360) on May 13, 2025, and is solely responsible for the information contained therein.

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