Advisory firms say Argo Group holders should vote for all director nominees

Argo Group International Holdings announced that leading independent proxy advisory firms, Institutional Shareholder Services and Glass Lewis & Co, have recommended that shareholders vote "FOR" all seven of Argo‘s highly qualified director nominees at the Company’s upcoming Annual Meeting of Shareholders to be held on December 15. In addition, Voce Capital Management the owner of approximately 9.5% of the Company’s common shares, has informed the Company that it has voted all of its shares on the BLUE proxy card in support of the seven Argo nominees at the Company’s upcoming 2022 annual meeting. In making its recommendations, ISS stated in its December 2, 2022 report : "The dissident has not made a compelling case for change. The highest priority for ARGO is the ongoing strategic review. There is no reason to believe that the process is not being conducted to advance the best interests of shareholders, and there is no indication that a key competency or perspective is absent from the strategic review committee." "The addition of Dan Plants in early August only bolstered the board’s credibility, particularly because he was appointed to chair the strategic review committee."