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ISS Rules for New Campbell Board Members

“Given the board’s subpar oversight of critical issues such as M&A and succession planning, shareholders may wonder whether the incumbent board is capable of steering Campbell back on track in a timely manner,” says ISS in the ruling. Campbell returned about 19% to shareholders over the last two years, while the S&P 500 has nearly tripled. At one point Loeb proposed replacing all 12 board members, but he backed off that request in the last few days...

Mentions: Succession Planning Succession ISS