Norfolk Southern unions and pension funds invested in it should support activist Ancora's full seven-director team at the railroad's upcoming shareholder meeting, two different Institutional Shareholder Services (ISS) proxy advisory services said.
ISS' Taft-Hartley Advisory Services and Social Advisory Services, which focus on recommendations for unions and socially responsible investors, said in their reports that having a majority of Ancora's team would help deal with the current board's "negligence" and address accountability concerns.
Both reports said the proxy contest is about deciding which management team is best for the company's future. They emphasized the need to give the dissident (Ancora) a strong voice to make their case for management change.
The reports also supported Ancora's CEO pick, Jim...
Awakening in Paris on Monday for his first visit to the region in five years, Chinese President Xi Jinping embarked on talks with French President Emmanuel Macron and European Commission chief Ursula von der Leyen.
Discussions on trade and Russia's involvement in the war with Ukraine were slated to dominate the agenda.
In a statement upon arrival, Xi lauded the strong ties between China and France, despite recent trade tensions over issues such as the European Union's investigation into Chinese electric vehicle exports and Beijing's scrutiny of mostly French-made brandy imports.
He emphasized the relationship between the two nations as a model of peaceful coexistence and mutually beneficial cooperation, despite their differing social systems.
Chinese state media adopted a...