"Proxy Advisory Firm ISS Supports Nelson Peltz in Disney Board Battle"

Institutional Shareholder Services (ISS) has recommended that its clients vote to add Nelson Peltz to Disney's board of directors, citing Disney's underperformance and succession issues. ISS also suggested withholding a vote for current board member Maria Elena Lagomasino. Disney chairman Mark Parker disagreed with ISS' recommendation, emphasizing the board's focus on long-term shareholder value creation and succession planning. The proxy fight has been public and bitter, with ISS acknowledging the public attention on the battle. ISS recommended against Lagomasino due to her role in the failed succession process, and expressed concerns about the board's ability to oversee the next CEO transition.