Leading Independent Proxy Advisory Firm Glass Lewis Recommends that Amarin Shareholders Vote “AGAINST” Sarissa Representation
Glass Lewis Recognizes that Change Led by Amarin’s New Board is Already Underway
Amarin, a pharmaceutical company based in Dublin, Ireland and Bridgewater, N.J., has been making significant strides under its new board of directors. Glass Lewis, a leading independent proxy advisory firm, has acknowledged the positive impact of the changes implemented by the company’s new leadership.
Sarissa’s Underqualified Slate of Nominees
Despite Amarin’s progress, Sarissa Capital Management, a hedge fund, has been pushing for representation on the company’s board. However, Glass Lewis has deemed Sarissa’s slate of nominees as underqualified, noting that they possess redundant skillsets that do not bring additional value to the board.
The Amarin board is urging shareholders to vote “AGAINST” Sarissa’s proposals on the WHITE proxy card, based on Glass Lewis’s recommendation.
How This Will Affect Me
As a shareholder in Amarin, it is important to consider the recommendations provided by leading independent advisory firms like Glass Lewis. By voting “AGAINST” Sarissa’s representation, shareholders can support the positive changes already underway at the company and ensure that qualified individuals are leading the board in the future.
How This Will Affect the World
Glass Lewis’s recommendation to vote “AGAINST” Sarissa’s representation at Amarin sets a precedent for corporate governance and shareholder activism. By acknowledging the importance of qualified leadership and rejecting underqualified nominees, the decision could influence how other companies handle similar situations in the future.
Conclusion
It is clear that Glass Lewis recognizes the progress that Amarin has made under its new board of directors and is recommending that shareholders vote “AGAINST” Sarissa’s representation. By following this recommendation, shareholders can support positive change within the company and set a standard for corporate governance in the broader business world.
