ISS and Glass Lewis Endorse Ancora Nominees for Norfolk Southern Board
Leading proxy advisors ISS and Glass Lewis recommend supporting most of Ancora's board nominees, signaling a potential shift in governance at Norfolk Southern.
- ISS endorses five of Ancora's seven nominees, excluding CEO pick Jim Barber, but acknowledges his credibility.
- Glass Lewis supports six Ancora nominees, including CEO candidate Jim Barber, emphasizing the need for substantial leadership overhaul.
- Two major unions and Cleveland-Cliffs, a key customer, back Ancora's bid to replace current CEO Alan Shaw and other board members.
- Ancora's campaign gains momentum with endorsements from influential proxy advisors and significant stakeholders.
- The shareholder vote on May 9 will be crucial in determining the future leadership and strategic direction of Norfolk Southern.
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