The Committee for China Cord Fairness Announces Support From The Two Leading Proxy Advisory Firms for Proposals Seeking Minority Shareholder Protections and Governance Enhancements at Glob...
Global Cord Blood Corporation (CO)
US:NYSE Investor Relations:
ir.chinacordbloodcorp.com
Company Research
Source: PR Newswire
NEW YORK, Oct. 16, 2019 /PRNewswire/ -- The Committee for China Cord Fairness (the "Committee") today announced that both leading proxy advisory firms, Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), have supported the Committee's proposal to ensure adequate protection of the minority shareholders of Global Cord Blood Corporation (NYSE: CO) ("Global Cord" or the "Company") in any business combination or major corporate transaction.The Committee is extremely gratified that the two leading independent proxy advisory firms have each supported its proposal requiring a vote of the unaffiliated minority shareholders for any business transaction that Global Cord may seek to complete. Glass Lewis noted that conditioning transactions on a majority vote of minority shareholders can help provide minority shareholders the necessary protection for their interests and is in line with best practices of corporate governance. ISS also supported two additional ke
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