Business
M&G Investments Sends Letter to Methanex Shareholders
M&G Investments Sends Letter to Methanex Shareholders M&G Investments Send...
About this update from Methanex Corporation
[{"type":"text","content":"\n\n\n\nM&G Investments Sends Letter to Methanex Shareholders\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\nM&G Investments Sends Letter to Methanex Shareholders\nCanada NewsWire\nLONDON, April 3, 2019\n\n\n\nFirmly Believes that its Four Nominees Will Provide Much-Needed New, Independent Voices in Methanex Board Room\nAddresses Certain Recent Assertions Made by Company\nVote Today on the BLUE Proxy Card to Elect M&G's Four Highly-Qualified Nominees to the Board \n LONDON, April 3, 2019 /CNW/ -- M&G Investments, the investment manager of approximately 16.5% of the shares of Methanex Corporation (\"Methanex\" or the \"Company\") (TSX:MX) (Nasdaq: MEOH) today released the following open letter to its fellow shareholders. \nDear Methanex Shareholders, \nOur public engagement regarding Methanex has been focused on our concerns related to capital allocation and corporate governance – namely the Company's risk profile and the Board's oversight of management. This focus has not changed. Neither has our approach: we continue to believe that Methanex and its shareholders would benefit greatly from the addition of new, independent perspectives to the Board. \nM&G's nominees will improve the dynamic in the board room\nOur nominees bring many important skills to the table. One of the most crucial elements they offer is their independence of management – and with it a willingness to ensure effective oversight.\nThe incumbent Methanex Board includes a number of individuals with methanol industry experience. We do not dispute that. What we believe it lacks is people who are willing to challenge management, ask probing questions and always keep in mind the best interests of the Company and all shareholders. In our view, these are principles of good corporate governance that are relevant and apply across all industries. \nThe dynamic on the Board needs to change. Electing our four nominees that we have put forth would improve this dynamic by adding real independence, as well as specific skill-sets and expertise – in the areas of g...