ISS opposes Petropavlovsk shareholder bid to overhaul board

June 12, 2017

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Investors in London-listed gold miner Petropavlovsk should reject a plan to overhaul the board at the company’s annual general meeting next week, leading shareholder voting advisor ISS said.

Three top shareholders, who together hold more than 30 percent of the company, have put forward resolutions aimed at replacing Petropavlovsk chairman Peter Hambro and three non-executive directors with their nominees, citing corporate governance failures.

Category: General