Proxy advisory firm Institutional Shareholder Services (ISS) urged its shareholders McKesson (MCK.N) four directors to vote against the re-election on the grounds that the company has a persistent problem in addressing the concern of shareholders on executive compensation.
ISS, where the main concern is the "scale and growing" one-time pension payment due, Chairman and CEO John · Hammergren he retired, which is worth $ 159 million.
ISS's recommendations are headquartered in San Francisco, medical technology and pharmaceutical distribution company CTW Investment Group criticism. CTW change to win the labor unions, whose members include pension funds, McKesson as part of shareholders' investments.
McKesson said, corporate governance and executive compensation structure helps to promote its strong performance.
McKesson said in a statement: "Our Board will continue to listen and respond to shareholder input, we've made some significant changes in governance and compensation direct input from our shareholders."
McKesson shareholders in the July 1 letter, CTW said McKesson's board was "deeply rooted narrow," under the watch Audit Committee, noting that "multi-million dollar string of compliance and internal control failures."
CTW Investment Group also urged shareholders to vote against McKesson's re-election of directors Jane Shaw, 21-year-old veteran of the board of directors; Aoerdune ratio, 14-year-old veteran, the Remuneration Committee and Hammergren.
Its recommendation, ISS said shareholders should vote against Irby and other members of the Remuneration Committee - Edward Miller, Kristin Jacobs and David Lawrence - failed to resolve the issue of compensation.
"The fact is the CEO of a pension balance represents a large number of life-cycle costs to shareholders, and will not motivate the CEO's reservation" ISS said. "
ISS does not recommend removing Shaw. It also does not Hammergren vote against the proposal because the company has agreed to name the Lead Independent Director.
The representative of the International Space Station on Sunday night did not return requests for comment.
Wall Street Journal first reported the ISS recommendation.
McKesson shareholders at the company plans on July 31 to vote on the annual shareholders' meeting.
 



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