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A Second Independent Proxy Advisor Supports Taseko and Recommends Shareholders Vote the YELLOW Proxy AGAINST The Dissident
A Second Independent Proxy Advisor Supports Taseko and Recommends Shareholders Vote the YE...
About this update from Taseko Mines Limited
[{"type":"text","content":"\n\n\n\nA Second Independent Proxy Advisor Supports Taseko and Recommends Shareholders Vote the YELLOW Proxy AGAINST The Dissident\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\nA Second Independent Proxy Advisor Supports Taseko and Recommends Shareholders Vote the YELLOW Proxy AGAINST The Dissident\nCanada NewsWire\nVANCOUVER, April 25, 2016\n\n\n\nVANCOUVER, April 25, 2016 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) (\"Taseko\" or the \"Company\") announced today that a second independent proxy advisory firm, Institutional Shareholder Services Inc. (\"ISS\"), has recommended that Taseko shareholders vote the YELLOW proxy AGAINST all proposals made by Raging River Capital LLC (\"RRC\"). \n\nISS' endorsement follows a report by another third-party proxy advisor, Glass Lewis & Co., that also supported Taseko and recommended shareholders vote against RRC, which Taseko disclosed in a news release on April 21, 2016. \n\nISS is an independent corporate governance and proxy advisory firm that provides proxy voting recommendations to institutional shareholders. The independent recommendations of ISS are intended to assist shareholders in making choices regarding proxy voting decisions.  ISS made its recommendation after carefully reviewing the facts and arguments made by Taseko and the dissident, RRC. \n\n\"In supporting Taseko, both independent proxy advisory firms, ISS and Glass Lewis, have commented on RRC's conflicts of interests and questioned RRC's intentions and analysis,\" said Linda Thorstad, Chair of Taseko's Special Committee. \"We encourage shareholders to follow the advice of both third-party proxy advisors, which have come out resoundingly in favour of Taseko and against RRC.\"\n\nIn recommending that its clients vote AGAINST all proposals made by RRC, ISS* concluded, \"On balance, upon thorough review of the claims from both the dissident and management… the dissident has not made a compelling case for change, and therefore a vote AGAINST this resolution is warranted.\"\n\nContradicting RRC's claims, ISS determined that Taseko's total ...