Proxy firm Glass Lewis had endorsed Unilever's Dutch move

FILE PHOTO: Traffic and people pass by the front of the Unilever building in central London, Britain, March 15, 2018. REUTERS/ Hannah McKay/File Photo - Copyright Hannah Mckay(Reuters)

By Reuters

Published on 09/10/2018 - 15:04•Updated 25/04/2024 - 12:36

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LONDON (Reuters) - Proxy advisory firm Glass Lewis had recommended shareholders vote in favour of Unilever's <ULVR.L><UNc.AS> proposed move to the Netherlands before the plan got scrapped last week.

Unilever on Friday pulled the plug on the proposal, which faced opposition from UK shareholders. That happened before the influential advisory firm distributed its report.