Business
TCI Ensures Shareholders Will Have Opportunity to Hold CN Board Accountable and Create Necessary Change at the Company
TCI Ensures Shareholders Will Have Opportunity to Hold CN Board Accountable and Create Ne...
About this update from Canadian National Railway Company
[{"type":"text","content":"\n \n \n \n TCI Ensures Shareholders Will Have Opportunity to Hold CN Board Accountable and Create Necessary Change at the Company\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n \n \n \n Reiterates Need for Board and CEO Change at CN\n \n \n \n \n Emphasizes Qualifications of Four Independent, Highly-skilled Director Candidates\n \n \n \n \n Sets the Record Straight on Inaccurate Claims from CN Board\n \n \n \n \n LONDON\n \n ,\n \n Oct. 5, 2021\n \n /PRNewswire/ -- Long-term shareholders CIFF Capital UK LP and The Children's Investment Master Fund, acting by their investment manager TCI Fund Management Limited (CIFF Capital UK LP, The Children's Investment Master Fund and TCI Fund Management Limited, together, \"TCI\"), confirmed it will nominate four independent Directors to the Canadian National Railway Company (TSX:CNR)(NYSE:CNI) (\"CN\" or the \"Company\") Board of Directors (the \"Board\") at the Company's special meeting of shareholders (the \"Special Meeting\") scheduled for\n \n March 22, 2022\n \n .\n \n \n As a long-term CN shareholder, TCI is fully committed to the future health and performance of the Company and is acting to enhance value for all CN shareholders.\n \n \n \"With the meeting date now set, CN shareholders have a clear and certain path to exercise their rights as shareholders and hold the Company's underperforming Board accountable,\" said\n \n Chris Hohn\n \n , TCI Founder and Managing Partner. \"We look forward to CN shareholders having the opportunity to make the right choice for CN by electing the four independent, highly-skilled director candidates that we have nominated.\"\n \n \n \"A new, high-quality Board with extensive railroad experience and expertise will help ensure CN is put on the right track to the benefit of the Canadian and US economies, shippers, employees and shareholders. CN can do better, and with a new Board, it will.\"\n \n \n \n The Board Candidates\n \n \n \n \n \n \n Gilbert Lamphere\n \n :\n \n One of the most experienced railroad executives in\n \n North America\n \n , with...