IPG Faces Shareholder Proposals

NEW YORK An Interpublic Group shareholder is again calling for IPG to separate the roles of chairman and CEO, and another investor has proposed that shareholders have the ability to call special meetings as needed. IPG opposed both proposals.

A special meeting would require the approval of investors holding at least 10 percent of IPG’s outstanding common shares, according to that proposal, which defines “special” as “sufficiently important to merit expeditious consideration.” It adds that “shareholder control over timing is especially important in the context of a major acquisition or restructuring, when events unfold quickly and issues may become moot by the next annual meeting.”

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