The Internet Movie Database reports that on Tuesday, the Institutional Shareholder Services (ISS) suggested the current board of the Walt Disney Co., including CEO Michael Eisner, be reelected at Disney’s annual board meeting on February 11. ISS applauded Disney for its progressing governance practices and search for a replacement for Eisner. As the ISS states, “Critics may argue that Disney made its positive governance changes only when it was under the harsh glare of shareholder criticism, and wonder whether the company will continue to embrace shareholder rights going forward. Nevertheless, the fact that the company has taken positive steps is a gain for shareholders.”
ISS supports reelection of Disney board