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Rusal Says Glass Recommends Re-Electing Norilsk Board
Feb. 24, 2011 05:52PM PST
Base Metals Investing
Bloomberg reports Glass, Lewis & Co. recommended that OAO GMK Norilsk Nickel (LON:MNOD) shareholders should vote for the early termination of the its board at a March 11 meeting.
Bloomberg reports Glass, Lewis & Co. recommended that OAO GMK Norilsk Nickel (LON:MNOD) shareholders should vote for the early termination of the its board at a March 11 meeting.
The market news is quoted as saying:
Rusal called the March meeting to re-elect Norilsk’s board, after a June vote gave the aluminum company three seats to Interros Holding Co.’s four. While a meeting in October voted against the early termination of the board, Norilsk’s directors on Feb. 14 recommended re-election and approved a list of 27 candidates for 13 seats.