Key facts
- Glass Lewis recommends shareholders vote for Genco's board.
- Egan-Jones also backs Genco's board nominees.
- The endorsements come ahead of a proxy fight.
- Genco Shipping & Trading is involved in the contest.
Proxy advisory firms Glass Lewis and Egan-Jones have recommended that shareholders of Genco Shipping & Trading vote in favor of the company's slate of directors. This endorsement comes as Genco faces a proxy contest. The firms cited Genco's ongoing strategic initiatives and recent financial performance as key factors in their decision to support the current board. Egan-Jones specifically recommends shareholders vote FOR all Genco nominees, including Paramita Das, Kathleen C. Haines, Basil G. Mavroleon, Karin Y. Orsel, Arthur L. Regan, and John C. Wobensmith, on the WHITE proxy card.