ISS recommends Whitestone REIT shareholders vote for Erez nominee Bruce Schanzer

Erez Asset Management, which has nominated two candidates for election at Whitestone’s upcoming 2024 Annual Meeting of Shareholders, announced that Institutional Shareholder Services has recommended shareholders vote on Erez’s BLUE proxy card “FOR” Erez nominee Bruce Schanzer and “WITHOLD” from Whitestone nominee Nandita Berry. ISS concluded that Erez “has made a compelling case that a degree of change is needed that departs from the (incumbent) board’s insular approach to refreshment and to improve transparency with shareholders.” In reaching this conclusion, ISS indicated that it believed “the board also made a number of questionable governance decisions in recent years.”