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Stock Market & Financial Investment News

News Breaks
December 16, 2013
07:31 EDTMILISS recommends voting for two IAT nominees at MFC Industrial meeting
Peter R. Kellogg and IAT Reinsurance Company Ltd. commented on Institutional Shareholder Services Inc’s favorable recommendation for change at MFC Industrial Ltd. in connection with the Annual General and Special Meeting of Shareholders of MFC to be held on December 27 in Hong Kong. ISS concluded in its report that: “…[IAT] has made a compelling case for change.” ISS further noted that “[IAT] aims to apply the best governance practices to the board once [its] nominees are elected. Those changes, as highlighted in the dissident plan, appear to be quite thorough and detailed, and have covered most of the aspects of the governance areas that the company is in need of improvement.”
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