Support from Proxy Advisors for OSE Immunotherapeutics' Governance

Strong Proxy Advisory Support for OSE Immunotherapeutics' Governance Plans

NANTES, France – A recent announcement from OSE Immunotherapeutics SA (ISIN: FR0012127173; Mnemo: OSE) brings important news regarding its governance project. Two international proxy advisory firms, including the well-known Glass Lewis, have voiced their recommendation for shareholders to vote IN FAVOR of the governance resolutions proposed by the Board of Directors during the upcoming general meeting.

Importance of Proxy Advisory Recommendations

The endorsements from these advisory firms serve as a crucial element in guiding shareholders through their voting decisions. Glass Lewis specifically emphasizes their support for the resolutions pertaining to the Board’s composition, encouraging shareholders to back resolutions 5 to 8 at the general meeting. This level of backing reflects confidence in the management's current strategic approach and its potential for long-term growth.

Opposition to Minority Shareholder Recommendations

Interestingly, Glass Lewis also advises shareholders to vote AGAINST the resolutions proposed by a group of minority shareholders. This group, acting in concert, has not convinced the advisory firm that their proposals offer a superior alternative. As stated, they recognize that the management's existing strategies require time for development and improvement. Moreover, Glass Lewis appreciates the proactive stance taken by OSE Immunotherapeutics to include candidates from the dissident group on the board, demonstrating a commitment to governance that values diverse perspectives.

Response from Additional Advisory Firms

Another proxy advisory firm has echoed similar sentiments, affirming that OSE Immunotherapeutics' governance practices are not harming the company's performance. Their recommendations also include rejecting several dissenting resolutions (notably resolutions B, C, E, F, G, H, J, and K) from the minority shareholders. This level of consensus among independent advisory institutions reinforces the Board's strategic direction.

Call for Shareholder Engagement

In light of these recommendations, the Board of Directors urges all shareholders to thoughtfully consider the proposed resolutions. They stress that voting in favor of a stable governance approach is vital for fostering long-term value creation and ensuring balanced representation within the board. Specifically, the Board encourages votes:

• FOR resolutions 1 to 35, which highlight strategic continuity and demonstrate the Board's commitment to shareholder dialogue, inclusivity, and transparent governance.
• AGAINST resolutions A to K, which suggest a complete overhaul of the Board without a clear strategic roadmap.

Ways to Participate in the General Meeting

Shareholders are reminded that participation in the General Meeting can occur in several ways:

• In person;
• By voting by mail or online via the VOTACCESS platform;
• By proxy, appointing the Chairman;
• By proxy, designating any other individual of their choice, as per the relevant articles of the French Commercial Code.

Closing Remarks and Company Overview

VOTE TODAY – Your voice matters! Shareholders ought to ensure their votes count, as every opinion contributes to the collective future of OSE Immunotherapeutics. For additional details or inquiries, shareholders can reach out through the provided contact channels.

About OSE Immunotherapeutics
OSE Immunotherapeutics is devoted to pioneering innovative treatments in the fields of immuno-oncology and immuno-inflammation. Collaborating with esteemed academic and biopharmaceutical partners, OSE aims to create groundbreaking therapies that meet critical patient demands, enhancing the quality of life for those with severe conditions. The company operates across Nantes and Paris, trading on the Euronext exchange.

Frequently Asked Questions

What is the main focus of the proxy advisory firms' recommendations?

The firms urge shareholders to support the governance proposals while rejecting the minority shareholders' resolutions, citing the effectiveness of the current management strategy.

How can shareholders participate in the General Meeting?

Shareholders can attend in person, vote by mail or online, or grant proxy to designated individuals to represent them.

Why is the Board emphasizing strategic continuity?

The Board believes maintaining a consistent approach is essential for developing long-term value and fostering a governance structure that incorporates diverse insights.

What are some resolutions shareholders are encouraged to vote FOR?

Shareholders should support resolutions 1 to 35 which emphasize continuity and inclusivity within the Board of Directors.

How can shareholders contact OSE Immunotherapeutics for assistance?

Shareholders can reach out via email or the dedicated phone line provided, ensuring they get the help they need in navigating the voting process.

About The Author

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