Company: Board and Iss

company: ISS also urged shareholders to withhold their backing for the election to the board of Stuart Brown, who is the company's chief executive, and David Whittle, who is a former chief executive, according to The Independent. In addition, ISS recommended shareholders reject a long-term incentive scheme for executives, which the advisory group said was excessive . ISS's criticisms also included that the board lacked a nominating committee for directors, which it said was minimum best practice and a majority of the board was not independent. Ahead of a vote at the company's agm on Thursday, shareholder advisory group ISS raised concerns over board independence, and urged investors to withhold backing for Mr Comerford, the company's chairman, and Brett Desmond. At the agm on Thursday, 28.4 per cent of shareholders withheld their support for the re-election of Mr Comerford, who works for Dermot Desmond's Dublin investment vehicle International Investment & Underwriting. However, such a sizeable withholding of support showed many institutional shareholders were attuned to the concerns of ISS. Shareholders Separately, more than 21 per cent of MPD shareholders withheld their support for Brett Desmond, who is perhaps best known in Ireland for being married to former Corrs singer Andrea Corr. He was elected anyway after more than 71 per cent of shareholders supported him. (news.financializer.com). As reported in the news.