Top proxy adviser ISS urges shareholders to endorse LG Chem’s battery split-off
Oct 18, 2020
International Shareholder Services, one of the world’s two largest proxy advisory firms, has advised shareholders to vote for LG Chem’s decision to split off of its battery business division as a wholly-owned subsidiary. According to industry sources Sunday, ISS said in a recent report that LG Chem’s split-off is reasonable considering that the company will be able to secure funding to finance the investment required for the expansion of its fast-growing battery business.