Box (BOX) Tops Q2 EPS by 3c

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ISS backs Box directors in proxy fight with Starboard

August 23, 2021 10:00 AM EDT

By Svea Herbst-Bayliss

BOSTON (Reuters) - Proxy advisory firm Institutional Shareholder Services on Monday backed cloud storage vendor Box Inc in its fight with activist investor Starboard Value by recommending that shareholders vote for the company's directors instead of the hedge fund's nominees.

In its report, ISS said shareholders should vote for Box directors Peter Leav and Aaron Levie, arguing that... More