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Monument Announces ISS Recommendation: Shareholders should vote FOR all incumbent directors
Company mails shareholder letter and Management proxy to shareholders VANCOUVER , ...
About this update from Monument Mining Limited
[{"type":"text","content":"\n\n\nCompany mails shareholder letter and Management proxy to shareholders\n\n\nVANCOUVER, Jan. 23, 2014 /CNW/ - Monument Mining Limited (TSX-V: MMY and\n FSE: D7Q1) (\"Monument\" or the \"Company\") announced today that\n Institutional Shareholder Services Inc. (\"ISS\") has recommended that\n its clients vote FOR all Monument director nominees. Monument advises\n shareholders to use only the Management proxy when voting.\n\n\nFor its Monument recommendation, ISS reviewed public documents provided\n by Management and by a dissident group that proposes its own nominees\n for election at the upcoming Annual General Meeting of Shareholders. \n In recommending that its clients vote FOR all Monument director\n nominees, using only the Company's proxy, ISS stated:\n\n\n\"The company has also demonstrated reasonable improvement and progress\n post financial crisis in terms of operating performance. In addition,\n given that the dissident is seeking full control of the board, the\n dissident plan is light in details and no alternative turnaround plan\n appears to be provided other than a broad term of \"Reassess the current\n situation and future strategy\". Finally, the fact that 5 of 6 (83%)\n dissident nominees are based in Europe may raise concerns on whether\n they can be fully committed to serving on a Canadian public-listed\n company if the new board gets elected. In light of the above, the\n dissident has not made a compelling case for change at this time. As\n such, shareholder support for the dissident nominees is not warranted.\" \n\n\n\"The ISS recommendation is powerful third party endorsement from a\n leading independent proxy advisor to vote FOR our director nominees\n using only Monument's proxy,\" said George Brazier, Monument's Chairman.\n \"It is important that shareholders vote their proxies, regardless of\n how many shares you may hold.\"\n\n\nISS is a leading independent international corporate governance analysis\n and proxy voting firm. ISS' recommendations are intended to assist\n shareholders in making choices regarding proxy voting decisions. In\n making its recommendations, ISS considers the outcome that is in the\n best interests of shareholders.\n\n\nMonument is Mailing a Letter to Shareholders\n\n\nMonument is mailing to shareholders a letter regarding the proxy contest\n and an additional Managemen...