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ISS Supports GreenWood's Governance Proposals for Swatch Group
GreenWood Investors LLC announced that Institutional Shareholder Services Inc. (ISS) has recommended that The Swatch Group AG shareholders vote in favor of Steven Wood's board nomination. This recommendation includes support for GreenWood's governance proposals at Swatch's upcoming Annual Meeting on May 12, 2026. GreenWood highlights Steven Wood's expertise in capital markets and industrial operations as assets that could enhance the Swatch board.
ISS emphasized the need for an independent voice on Swatch's board, citing governance shortcomings and the concentration of decision-making power among the founding family members. This concentration has raised concerns about the board's ability to drive effective oversight and governance improvements.
The report notes Swatch's declining market share in the luxury watch segment and declining key financial metrics. The 2026 Annual Meeting marks a pivotal moment for Swatch to address these challenges.
R. P.
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