AOL urges shareholder approval of its board nominees
(Reuters) - AOL Inc, waging a proxy fight with activist hedge fund Starboard Value, said on Saturday its shareholders should approve all eight nominees for its board of directors after an advisory service recommended the approval of only six. In a statement, the Internet and media company lauded a report by Institutional Investor Services calling for the rejection of Starboard's full slate of nominees, but said, "ISS reached the wrong conclusion in failing to recommend that AOL stockholders vote for all eight of the company's highly qualified director nominees. ...
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