World & BusinessVoya may face no-confidence vote backed by Toms Capital
Bloomberg reports that the retirement manager lost its bid to block a non-binding shareholder referendum on the performance of its executives and directors.
TLDR
Voya Financial lost its bid to stop activist investor Toms Capital Investment Management from conducting a shareholder referendum, Bloomberg reports. The vote would assess the performance of Voya’s executives and directors and would be non-binding.
Voya may face no-confidence vote backed by Toms Capital
Bloomberg reports that the retirement manager lost its bid to block a non-binding shareholder referendum on the performance of its executives and directors.
TLDR
Voya Financial lost its bid to stop activist investor Toms Capital Investment Management from conducting a shareholder referendum, Bloomberg reports. The vote would assess the performance of Voya’s executives and directors and would be non-binding.