Disney and Bob Iger have received the support of the independent proxy advisory company Glass Lewis in its ongoing proxy battle. Glass Lewis recommended that Disney shareholders vote for the 12 Disney-selected director nominees in a report released on Monday.
The company’s report also recommended rejecting the nominees put forward by Nelson Peltz’s Trian Partners and another firm, Blackwells Capital, ahead of Disney’s annual meeting on April 3. In its reasoning, Glass Lewis emphasized The Walt Disney Company’s clear strategy, its strong additions to the board and “measurable shifts” in the business since the return of Iger.
“We are pleased that Glass Lewis recognizes the strength of our highly qualified nominees and supports our plans to return this iconic company to a period of sustained growth and shareholder value creation,” Mark Parker, chairman of The Walt Disney Company Board of Directors, said in a statement to press.
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