There was a reasonably sizeable vote against re-electing Heartland Group's chair, Greg Tomlinson, and an even larger vote against expanding the directors' fee pool by 50%. Since proxy advisory company Institutional Shareholder Services (ISS) recommended qualified votes in favour of both resolutions at last week's annual shareholders' meeting, I can only assume that rival firm Glass Lewis recommended against them.
Heartland and the proxy company verdict
Heartland and the proxy company verdict
Heartland and the proxy company verdict
There was a reasonably sizeable vote against re-electing Heartland Group's chair, Greg Tomlinson, and an even larger vote against expanding the directors' fee pool by 50%. Since proxy advisory company Institutional Shareholder Services (ISS) recommended qualified votes in favour of both resolutions at last week's annual shareholders' meeting, I can only assume that rival firm Glass Lewis recommended against them.