Glass Lewis Backs One of Starboard Three Nominees in Box Proxy Fight

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Glass Lewis backs one of Starboard’s three nominees in Box proxy fight
Proxy advisory firm Glass Lewis last Friday recommended that investors in cloud storage vendor Box elect one of Starboard Value’s three proposed nominees to the board, arguing change is needed after a “puzzling” capital raise and “reactive governance” changes.

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Box Comments on Glass Lewis Recommendation
Glass Lewis fails to acknowledge that change agents are already on the board and significant changes have already been made.