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ISS recommends opposing Vision Capital's bid to oust Ires board amid management change push.
Institutional Shareholder Services (ISS), a prominent proxy advisory firm, has recommended opposing activist shareholder Vision Capital's bid to oust the Irish Residential Properties REIT (Ires) board.
Vision Capital, holding a 5.01% stake, has been pushing for management changes and desires control of five board seats.
In response, Ires has planned a strategic review of its business, considering options such as a consolidation, mergers, delisting, or asset sales.
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"ISS recomienda oponerse a la oferta de Vision Capital de destituir a la junta directiva de Ires en medio de un impulso para el cambio de gestión".