Two major shareholder advisory firms are recommending that AmerisourceBergen (ABC) stockholders support a proposal to require the pharmaceutical wholesaler to report the steps being taken to manage financial and reputational risks associated with the opioid crisis.
The firms — Glass Lewis and Institutional Shareholder Services — also recommend shareholders back a proposal to disclose if its board claws back compensation from senior executives due to misconduct and another to split the chief executive and chairman jobs, a move that corporate governance experts often endorse as sound practice. The wholesaler holds its annual shareholder meeting on March 1.
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