Reported about 9 hours ago
Glass Lewis, a proxy advisory firm, has recommended that investors in Air Products and Chemicals support all four board candidates proposed by Mantle Ridge. The activist investor argues for a succession plan due to the current CEO's tenure of over ten years, a reallocation of capital, and a reduction in high-risk projects. Investors will vote on January 23, 2025, unless an agreement is reached before then. Air Products contested Glass Lewis' views, claiming that their nominees would destabilize the board.
Source: YAHOO