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Taro Pharmaceutical Industries Ltd. Message Board

  • imho_dyodd imho_dyodd Jan 23, 2014 6:46 AM Flag

    The Hypocrisy of Glass Lewis

    Back in 2009, Glass lewis said the following and were AGAINST the then Controlling shareholder
    "As reasons for its recommendations against the board’s proposals for indemnification, Glass Lewis reiterated the board’s lack of transparency"

    Now in 2013, Glass lewis is QUIET on "board's proposals for indemnification" as well as "lack of transparency" (Eg: proxy vote count and details)

    To me these proxy advisory firms will say ANYTHING if you pay them dollars. A true proxy advisory firm should be paid a fee by Regulator like SEC.

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