Proxy advisory firm Glass Lewis on Thursday recommended that shareholders of Masimo , the medical technology firm best known for its Apple Watch patent litigation, elect dissident Politan's two nominees, Bill Jellison and Darlene Solomon.
Masimo's board includes Kiani, former Disney CEO Bob Chapek and Politan managing member Quentin Koffey, who overwhelmingly won the election last year.
Glass Lewis tacitly endorsed that criticism in its report, writing that the company displayed "de minimus responsibility" and "poor governance."
Alongside its larger peer Institutional Shareholder Services, though, Glass Lewis reports are considered highly important to passive investors.
Glass Lewis responded to RTW with an offer to meet on July 8, shortly after Politan's allegations were publicized in an SEC filing.
Persons:
Joe Kiani, Glass Lewis, Politan's, Bill Jellison, Darlene Solomon, Kiani, Bob Chapek, Quentin Koffey, Kiani —, Politan, Jellison, RTW, Christopher Chavez, RTW's
Organizations:
Enercare, Masimo, Apple Watch, CNBC, Disney, Services, ISS, Kiani, SEC
Locations:
Toronto, Canada, Solomon, Politan