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TransAlta: ISS and Glass Lewis Recommend Shareholders Vote FOR All TransAlta Director Nominees and Management Proposals
TransAlta: ISS and Glass Lewis Recommend Shareholders Vote FOR All TransAlta Director Nomi...
About this update from Transalta Corporation
[{"type":"text","content":"\n\n\n\nTransAlta: ISS and Glass Lewis Recommend Shareholders Vote FOR All TransAlta Director Nominees and Management Proposals\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.prnml40{\nMARGIN-LEFT:3.33em\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, April 12, 2019\n\n\n\nCALGARY, April 12, 2019 /CNW/ - TransAlta Corporation (\"TransAlta\" or the \"Company\") (TSX:TA) (NYSE:TAC) today announced that leading independent proxy advisory firms, Institutional Shareholder Services Inc. (\"ISS\") and Glass, Lewis & Co (\"Glass Lewis\"), both issued final reports recommending that shareholders vote FOR all TransAlta management proposals, including director nominees, being presented at the Company's upcoming shareholders' meeting.\nBoth ISS and Glass Lewis recommend shareholders vote FOR the election of all TransAlta director nominees, including new nominees Robert Flexon, Harry Goldgut and Richard Legault. In addition, ISS and Glass Lewis recommend shareholders vote FOR the re-appointment of the Company's auditors, the continuance of the Company's amended \"new generation\" shareholder rights plan and the advisory say-on-pay vote on the Company's approach to executive compensation.\n\"With positive recommendations from both ISS and Glass Lewis, shareholders can feel confident in their vote for our recommended nominees,\" said Ambassador Gordon Giffin, TransAlta's Board Chair. \"We continue to bring fresh insight and expertise to our Board and remain committed to creating value for all shareholders. We have built a Board with the right skills and experience to oversee TransAlta's transformation and position the Company for success as a clean energy leader.\"\nIn reaching its decision, ISS noted the positive market reaction to the Brookfield transaction and commented that: \n\"Some of the issues outlined by the dissident, including the lack of shareholder approval and a fairness opinion, are also not unusual in the Canadian market for transactions of this size…\nShareholders might reasonably appreciate additional disclosure regarding the process, terms, and timing of the Brookf...