The Traderszone Network

Published in TZ Latest News 9 May, 2015 by The TZ Newswire Staff

ISS recommends BMW shareholders vote against Reithofer appointment: FAS

Advisory firm ISS has recommended that BMW (BMWG.DE) shareholders should vote against the appointment of outgoing chief executive Norbert Reithofer as chairman of the carmaker’s supervisory board, newspaper Frankfurter Allgemeine Sonntagszeitung reported. ISS said BMW would go against general corporate governance practice with the appointment as there will be no cooling off period between the two roles, the newspaper said in excerpts of an article to be published on Sunday.

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