Agricultural nutrients maker Agrium Inc. (AGU, AGU.TO) Tuesday said that Glass, Lewis & Co. LLC has recommended that its clients vote for all 12 of Agrium's director nominees using only the white proxy.
Glass Lewis is a leading independent international corporate governance analysis and proxy voting firm focusing on the long-term financial impact of investment and proxy vote decisions. Its recommendations assist shareholders in making voting choices regarding proxy voting decisions.
Agrium had warned shareholders earlier this month that New York hedge fund JANA Partners continues to attempt to mask its break-up objective by disseminating a growing list of false and misleading statements.
In its report, Glass Lewis wrote, ''In sum, we find Agrium management has ultimately argued a more compelling case in favor of maintaining Agrium's existing strategy, and board, than JANA has argued against it…Nowhere is this exchange more readily displayed than with respect to the fundamental question of shareholder value''
