Hess Corp. (HES) Monday said, as Elliott's nominees had waived their rights to Elliott's troubling compensation scheme, Hess is prepared to add two Elliott nominees if they are willing to serve along with Hess' nominees.
These nominees will only be considered after Hess' five independent nominees are elected at the annual meeting,
The proposed resolution allows us to continue executing our plan and focus on the task at hand, creating superior value for all of Hess' shareholders, said the company.
Hess is currently looking foreward to shareholder approval for declassifying the Hess Board, with the full support of the Hess family shares. The company has also taken various measures to better align corporate governance with shareholder interests, including separation of the roles of Chairman and CEO.
For comments and feedback: editorial@rttnews.com