In a proxy fight between Norfolk Southern and activist investor Ancora Holdings, Institutional Shareholder Services (ISS) has endorsed Ancora's nominees for the railway company's board. ISS's recommendation adds pressure on Norfolk Southern's leaders following a critical report, although it suggests CEO Alan Shaw should retain his position. This development comes after another proxy advisory firm, Egan Jones, also supported Ancora's board nominees in the ongoing battle for control.
In Norfolk Southern board battle, proxy adviser Egan-Jones throws weight behind activist Ancora - my story for @MarketWatch #NorfolkSouthern $NSC https://t.co/ON1D1232oE
In Norfolk Southern board battle, proxy adviser Egan-Jones throws weight behind activist Ancora https://t.co/R93VpCnKCx
Third proxy advisory firm urges Norfolk Southern investors to elect Ancora directors https://t.co/KqAzuzJrBb https://t.co/cDS8l00yvr
Egan Jones recommends Ancora's board nominees in Norfolk Southern proxy fight https://t.co/drGNO3d1Ox https://t.co/l0sdToPNOy
ISS says unions and pension funds should back Norfolk Southern activist investor https://t.co/nhj13JdHcD
Norfolk Southern touts progress and slams activist Ancora’s ‘reckless’ plan in board battle https://t.co/ND3ZJ4s4Vs
The activist investors trying to take control of Norfolk Southern’s board are picking up key support. https://t.co/xcb7VlmyAe
Proxy-advisory firm ISS steps into Norfolk Southern’s board battle with activist Ancora - my story for @MarketWatch #NorfolkSouthern $NSC #Ancora https://t.co/b9CMG2drOo
An influential shareholder adviser said it is recommending five activist investor nominees to serve on Norfolk Southern's board, in a report that ratchets up the pressure on the railway company's leaders after last year's East Palestine derailment. https://t.co/WFzVvkfKU0
Norfolk Southern’s management has taken a second hit this week from an independent proxy advisory firm as it fends off activist investor Ancora Holdings, but the latest report, while mostly critical of NS, recommends that CEO Alan Shaw keep his job. https://t.co/OfwjOmh1Iw
Ancora scores win with ISS endorsement in Norfolk Southern proxy fight https://t.co/kviCFt8CSy https://t.co/IoIksklBXf
Proxy-advisory firm ISS steps into Norfolk Southern’s board battle with activist Ancora https://t.co/ZddGgQj6cG
⚠️ ANCORA SCORES WIN WITH ISS ENDORSEMENT IN NORFOLK SOUTHERN PROXY FIGHT Full Story → https://t.co/ReINKF97Gs Ancora Holdings scored a second victory in its battle with Norfolk Southern when prominent proxy advisory firm Institutional Shareholder Services (ISS) recommended… https://t.co/R3Z3h8rnwg
Norfolk Southern CEO Gets Proxy Giant ISS’s Backing in Ancora Fight https://t.co/nd29A69Ulx