ISS Backs Activist Investor Peltz for Disney Board Seat, Cites Succession Concerns

Influential shareholder advisory firm ISS recommends shareholders vote to add Nelson Peltz to Disney's board.

ISS says Peltz could help provide assurance around succession planning and future capital allocation decisions.

ISS recommends withholding vote for current Disney board member Maria Elena Lagomasino due to concerns over her compensation committee role.

Disney board chairman Mark Parker disagrees with ISS recommendation to add Peltz.

ISS report is critical of Disney's board oversight of CEO succession issues under Bob Iger.