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.

February 02, 2024
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