BlueOnion: FutureTECO’s valid case for change and GL’s unusual advice

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Paul Shelton of Blue Onion has taken to LinkedIn and Medium to argue that Glass Lewis' advice to its clients ahead of the TECO AGM was contradictory, having initially supported FutureTECO's proposed board candidates and then changing its position to favour company candidates. According to press reports this was in response to pressure from TECO management.  Despite this, Eugene Huang was able to get one of his candidates, Chih-Yuan (Jack) Hou, elected to the TECO Board.

FutureTeco made a valid case for change to TECO board - Unusual activities in Glass Lewis’ process and advice

related posts:

TECO Board Election Results Announced: Reform Camp Candidate Wins Votes

Economic Daily: “FutureTECO” puts forward three points to refute the two major proxy advisory organizations.

Letter from Yu-Ren (Eugene) Huang in response to Glass Lewis

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