OREANDA-NEWS. March 27, 2008. Glass Lewis report followed that of RiskMetrics, another leading independent consultant,  that was issued on March 25, 2008. The recommendations given by Glass Lewis are almost identical to those of RiskMetrics and exactly match those given by Polyus Board.

In its report, Glass Lewis recommends that shareholders:
Support the amendments to the company charter
Reject the early Termination of Powers of the current Board
If the Board was to be terminated, then only re-elect the existing Board.

Evgueni Ivanov, Chief Executive of Polyus Gold, said:

“We are pleased that two leading proxy advisory firms have formed similar recommendations in respect of Polyus Gold’s forthcoming EGM, and that they are supportive of the position of Polyus’ Board. Once again, we urge our shareholders to follow the Board’s recommendations when voting in the upcoming EGM”.