Companies

Ires Reit says it ‘notes’ Glass Lewis recommendation ahead of EGM

Corporate governance advisor has recommended that Ires Reit shareholders vote against all resolutions proposed by Vision Capital

Declan Moylan, Ires Reit chairman and Margaret Sweeney, outgoing chief executive. Picture: David Cantwell Photography

Ires Reit has said it “notes” the report issued by corporate governance advisor, Glass Lewis, which has recommended that shareholders vote against all resolutions proposed by Vision Capital Corporation at the extraordinary general meeting (EGM) next Friday.

The Glass Lewis recommendation to vote against all Vision resolutions follows a similar recommendation issued last week by Institutional Shareholder Services (ISS), Ires said in a statement on Thursday.

The board of Ireland’s largest private landlord said it ...