Disney Wins Backing in Board Fight With Activist Nelson Peltz

• Proxy advisory firm Glass Lewis recommends Disney shareholders withhold votes for Trian Group's board candidates Nelson Peltz and Jay Rasulo.

• Glass Lewis cites "measurable shifts" in Disney's strategy under CEO Bob Iger as reason to support Disney's 12 board nominees.

• Disney sees Glass Lewis recommendation as a win in its proxy fight against activist investor Nelson Peltz.

• Peltz has criticized Disney's share price, strategic vision, and accountability of its board.

• Disney highlights its strategic initiatives like sports streaming JV, Epic Games investment, and India asset sale as evidence of its growth plans.