Reported about 1 year ago
Wisdom will hold its shareholder meeting on June 24, with the international voting advisory institution ISS publicly supporting all ten nominees provided by Wisdom, including six directors and four independent directors, for the upcoming board election. Wisdom, aiming to secure a majority, nominated a full slate alongside an RGC representative to challenge Netbank International's four nominees highlighting governance issues. ISS expressed concerns regarding the independence of Netbank International's independent director nominees. Additionally, ISS recommended shareholders to continue monitoring the impact of the swap deal between Wisdom and RGC on long-term company development. Wisdom's management team, backed by ISS's report, has shown stable operational and governance performance since 2019, aligning with industry trends, aiming for a strategic shift this crucial year towards a cross-industry ecosystem. ISS's endorsement reflects confidence in Wisdom's strategy and adds momentum to its transformation, encouraging shareholders to support a management team with tangible governance and operational successes.
Source: YAHOO