NEW YORK (Reuters) – Proxy advisory firm Institutional Shareholder Services on Monday recommended that Air Products and Chemicals (NYSE:APD) investors elect three of activist investor Mantle Ridge’s four director candidates.
The recommendation comes days after another proxy advisory firm, Glass Lewis (JO:LEWJ), said investors should elect all four of the dissident’s nominees at the January 23 annual meeting.
ISS backed Mantle Ridge’s founder Paul Hilal, Dennis Reilley and Andrew Evans.
