logo
Share SHARE
FONT-SIZE Plus   Neg

Concerned Shareholder Of Auro Resources Receives Support From ISS

David Elliott, Concerned Shareholder of Auro Resources Corp. (NNGVF.PK, ARU.V), said Sunday that ISS Proxy Advisory Services, an independent international corporate governance analysis and proxy advisory firm, has issued a report recommending that its clients vote the GREEN proxy for the Dissident Nominees for the board of directors of the company at the annual general and special meeting of shareholders of the company to be held on January 3, 2013.

In making its recommendation, ISS considered whether David Elliott, the Concerned Shareholder, made a compelling case that the change in management is warranted.

In its recommendation, ISS cited that the current board clearly lacks independent oversight, which raises concerns about self-dealing of current directors as evidenced by dissident allegations against current management; The proposed new board comprising the Dissident Nominees will be wholly independent; Three of the Dissident Nominees appear to have sophisticated experiences in mining.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

More Breaking News

0 Articles
Editors Pick
Ford Motor Co. has announced a safety recall for about 680,000 vehicles, mainly in North America, to fix faulty seat belts that may not hold people in the event of a crash. The recall, primarily for mid-size sedans, includes about 650,000 Ford Fusion vehicles manufactured between 2013 and 2016 and Lincoln MKZ produced between 2013 and 2015. Apple Inc. has confirmed its interest in autonomous vehicle technology, saying it is excited about the potential of automated systems in many areas, including transportation. In a letter to the National Highway Traffic Safety Administration, Steve Kenner, Apple's director of product integrity, said that the tech giant looks forward to collaborating with the regulator and other stakeholders. Japanese electronics maker Panasonic Corp. is in talks to buy Austrian headlight manufacturer ZKW Group GmbH, Nikkei business daily reported Monday, citing a person familiar with the matter. As per the report, both companies could reach a basic agreement as early as this month for a deal that could be worth up to $1 billion.
comments powered by Disqus
Follow RTT