RBR Capital: ISS recommends voting for change at GAM Holding annual general meeting Donnerstag, 13. April 2017 - 08:08

Today, RBR announced that Institutional Shareholder Services (“ISS”), a leading independent proxy voting advisory firm, has recommended that GAM stockholders vote in support of two of RBR’s director candidates, Ms. Kasia Robinski and Mr. Rudolf Bohli. ISS also recommended removing incumbent nominee Diego du Monceau.

After a thorough examination of all the facts, and following lengthy discussions with GAM and RBR, ISS issued a 20-page report in which it concluded that RBR “has made a compelling case that change at the board level is warranted” because, among other things, new directors are needed to “provide the necessary additional oversight at the board level.”

Responding to ISS’ resounding show of support for change at GAM, Kasia Robinski commented, “We are pleased that ISS recognizes the need for change and considers that adding our nominees to the GAM Board will help to protect stockholder value and bring objective oversight to the Company.” Kasia Robinski continued “The RBR plan is a bottom-up operating plan, that was put together by a team in which William Raynar played an important part. We consider that his knowledge would bring additional advantage to the business.”