Texas Pacific Land Trust says ISS recommends shareholders vote for Gen. Don Cook
Texas Pacific Land Trust announced that Institutional Shareholder Services, an independent proxy advisory firm, has recommended that TPL shareholders vote FOR retired four-star General Donald "Don" G. Cook using the BLUE proxy card. "We are pleased that ISS recognizes that General Cook has the experience, judgment and vision to continue the Trust's record of value creation and ensure that the Trust has the right corporate governance for its next chapter," said Trustee David E. Barry. "We encourage all shareholders to follow the ISS recommendation by returning the BLUE proxy card to vote FOR General Cook and discarding the dissident group's white proxy card." In its May 7, 2019 report, ISS stated that General Cook has: "... a public track record that seems to reflect direct efforts to improve the governance of the companies on whose boards he has served. Cook brings substantial experience as a public company board member, as well as chairman of the San Antonio chapter of the National Association of Corporate Directors. In fact, he appears to have played an integral part in the effort to de-classify the board of Crane [Co]. At Crane's first annual meeting after Cook became the chairman of the Nominating and Governance Committee, the company granted shareholders a vote on whether to de-classify its board, which shareholders approved. Cook's track record appears to reflect a willingness and ability to push for corporate governance changes that benefit shareholders."