Business
Independent Proxy Advisor Recommends Taseko Shareholders Vote YELLOW Proxy AGAINST the Dissident
Independent Proxy Advisor Recommends Taseko Shareholders Vote YELLOW Proxy AGAINST the Dis...
About this update from Taseko Mines Limited
[{"type":"text","content":"\n\n\n\nIndependent Proxy Advisor Recommends Taseko Shareholders Vote 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\nIndependent Proxy Advisor Recommends Taseko Shareholders Vote YELLOW Proxy AGAINST the Dissident\nCanada NewsWire\nVANCOUVER, April 21, 2016\n\n\n\nVANCOUVER, April 21, 2016 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) (\"Taseko\" or the \"Company\") announced today that Glass Lewis & Co.*, a leading independent proxy advisory firm, has recommended that Taseko shareholders vote the YELLOW proxy AGAINST all proposals made by dissident Raging River Capital LLC (\"RRC\" or the \"Dissident\"). A shareholders' meeting regarding the vote is scheduled for May 10, 2016.\n\nGlass Lewis is a leading independent provider of global governance services, helping institutional investors understand and connect with the companies they invest in. The independent recommendations of Glass Lewis are intended to assist shareholders in making choices regarding proxy voting decisions. \n\n\"We welcome the Glass Lewis unbiased third party recommendation and encourage shareholders to follow its advice,\" said Linda Thorstad, Chair of Taseko's Special Committee. \"Taseko shares the concerns expressed by Glass Lewis regarding RRC's lack of credibility, conflicts of interest, weak slate of proposed directors, inadequate disclosure and opportunism.\"\n\n\"Glass Lewis' analysis validates our belief that the Company's best path forward lies with our incumbent Board.\"\n\nGlass Lewis made its recommendation in a detailed 16-page report after carefully reviewing the facts and arguments made by Taseko and the Dissident in their respective Information Circulars. In recommending that its clients vote AGAINST all proposals made by RRC, Glass Lewis draws attention to the following key concerns:\n\n\nRRC is \"an entity which, based on publicly available information, appears to be both hastily formed and opportunistic, with a greater financial interest in Taseko's bonds than in the Company's equity. Perhaps more disconcerting still, RRC was d...