Disney Faces Proxy Battle Over Board Election

A big proxy advisory agency has recommended Disney shareholders support one of the bank’s foe nominees in the future tyrant table elections.
On April 3, Disney owners will cast their votes to pick new board members. Disney has announced 12 contenders, including Bob Iger, its chief executive officer. Activist investment company Trian Fund Management, which has a$ 3.5 billion stake in the company, has nominated two people to the board—its inc- leader Nelson Peltz and past Disney chief financial officer Jay Rasulo.
On Thursday, Trian announced that Institutional Shareholder Services ( ISS), the largest and most influential proxy advisory firm, has recommended that Disney shareholders vote for Mr. Peltz at the April meeting….

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