Proxy adviser Glass Lewis is calling for an independent chair at Goldman Sachs, saying one would be “better able to oversee the executives of a company and set a pro-shareholder agenda,” Reuters’ Ross Kerber reports. ISS on Wednesday recommended separating the chairman and CEO roles at the bank. In addition, Glass Lewis recommended investors cast advisory votes against compensation at the Wall Street bank, citing a “pay for performance disconnect.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GS:
- Q2 2024 Bullish for Bitcoin, Says Coinbase
- Goldman Sachs price target raised to $460 from $432 at HSBC
- Top Wall Street Names Explore Fresh Opportunities Amid Muted M&A Flow
- Reddit (NYSE:RDDT) Prices IPO at $34 Per Share
- Analysts and Technical Indicators Agree: These 3 Stocks Are “Strong Buys” – 03/21/2024