Fentura Financial Announces that Leading Independent Proxy Firm ISS Recommends Shareholders Vote for Company Nominees

FENTON, Mich., May 19, 2023 (GLOBE NEWSWIRE)

Fentura Financial, Inc. (OTCQX: FETM) today announced that Institutional Shareholder Services (“ISS”), a leading independent proxy voting and corporate governance advisory firm, recommends Fentura shareholders vote for three of the Company’s nominees including Ronald L. Justice, Debra F. Williams, and Robert A. Herdoiza. In its report dated May 19, 2023, ISS highlighted the qualifications and experience of the nominees, stating that they bring valuable skills and insights to the board of directors.

Impact on Shareholders:

For shareholders of Fentura Financial, the recommendation from ISS is a positive development. By voting for the Company’s nominees, shareholders are supporting a board of directors that is aligned with the interests of the company and its investors. This endorsement from a reputable independent firm like ISS can boost investor confidence and signal stability within the organization. Shareholders can take this recommendation into consideration when making voting decisions for the upcoming election.

Effect on the World:

While the recommendation from ISS may seem like a small internal matter, it can have ripple effects on the financial industry and corporate governance as a whole. When leading proxy firms like ISS endorse specific nominees, it sets a precedent for other companies to follow suit. This can lead to greater transparency, accountability, and effectiveness in the boardroom, ultimately benefiting not only shareholders but also the broader economy. By promoting good governance practices, firms like Fentura Financial can contribute to a more stable and sustainable business environment.

Conclusion:

The recommendation from Institutional Shareholder Services to vote for Fentura Financial’s nominees is a significant validation of the company’s leadership and governance practices. For shareholders, this endorsement can provide reassurance and confidence in their investment. Additionally, the broader impact of this recommendation extends to the financial industry and corporate governance landscape, fostering a culture of accountability and transparency. As Fentura Financial moves forward with its annual election, the support from ISS is a testament to the company’s commitment to excellence and stakeholder value.