Shareholder advisory group ISS weighs in on Alliance Trust row

April 16, 2015 10:33 AM

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LONDON, April 16 (Reuters) - Shareholder advisory group Institutional Shareholder Services Inc (ISS) has weighed into the debate about governance at Alliance Trust by backing a board overhaul plan proposed by activist shareholder Elliott Advisors.

Alliance Trust, one of the oldest investment companies in Britain, is seeking to marshall its large 'mom and pop' investor base to fight off Elliott's plan to elect three new non-executive directors at its annual general meeting on April 29.

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