ISS backs Elliott in Phillips 66 fight
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Proxy advisory firm Glass Lewis said shareholders of Phillips 66 should vote for three board nominees put forward by Elliott Investment Management, amid a proxy battle between the US oil refiner and activist investor.
Glass Lewis Recognizes Need for Independent Perspectives in the Phillips 66 Boardroom and Recommends Support for Elliott Director Nominees Brian Coffman, Sigmund Cornelius and Michael Heim ...
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Stocktwits on MSNPhillips 66 Stock In Focus After Glass Lewis Backs Elliott Nominees For Board ElectionsPhillips 66 (PSX) stock will likely garner retail attention on Monday after proxy advisory firm Glass, Lewis & Co. recommended that the refiner’s shareholders vote for three board nominees from Elliott Investment Management.
Phillips 66 (NYSE:PSX) is navigating a period marked by investor activism from Elliott Investment Management, with significant support from proxy advisory firms ISS, Glass Lewis, and Egan-Jones for changes to the board.