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ARA's move on Cromwell disingenous: CGI Glass Lewis

Nick Lenaghan
Nick LenaghanProperty editor
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Proxy adviser CGI Glass Lewis has slammed efforts by powerful Singaporean investor ARA Asset Management for representation on Cromwell's board while also pursuing a partial takeover of the ASX-listed fund manager as "disingenuous".

The intervention from the well-known proxy house comes in the countdown to the third effort by ARA, Cromwell's largest investor, to regain a presence on the board through a vote at a shareholder meeting on September 18.

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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
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    Original URL: https://www.afr.com/property/commercial/ara-s-move-on-cromwell-disingenous-cgi-glass-lewis-20200903-p55s1l