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Western Wind Energy cheers Glass Lewis recommendation
2012-09-18 15:36 ET - News Release
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Mr. Jeffrey Ciachurski reports
WORLD CLASS ADVISORY FIRM "GLASS LEWIS & COMPANY" ADVISES WESTERN WIND SHAREHOLDERS TO VOTE FOR CURRENT BOARD
Western Wind Energy Corp. is pleased by the recommendation made by Glass Lewis & Co., the world's largest truly independent proxy advisory firm, to have the shareholders vote for the current Board. This is a huge endorsement from the world's largest, truly independent advisory firm.
The endorsements made by Savitr are riddled in controversy as the May 10, 2012 edition of the Financial Post discusses how the United States Securities and Exchange Commission is concerned about and questions the independence of firms such as ISS, that offer other services to institutional clients.
The other boutique investment firms mentioned by Savitr were denied advisory fees from Western Wind, as management did not want to dilute its shareholders and pay commissions just to solicit favor with small firms that are beholden to some trading accounts.
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