Boston, MA 06/12/2014 (wallstreetpr) – North American Palladium Ltd (USA) (NYSEMKT:PAL) on 11 June, 2014 announced that two of the leading independent proxy advisory firms- Glass Lewis & Co. as well as Institutional Shareholder Services Inc. have recommended their institutional clients to vote in favour of all resolutions which will be considered at the Annual & Special Meeting of the shareholders. This Annual & Special Meeting of the shareholders will take place in Toronto on June 23, 2014.
Vital recommendations from independent proxy and corporate governance advisory firms considered strongly
It is important to note that the recommendations from the independent proxy and corporate governance advisory firms are considered very strongly and meticulously. Glass Lewis & Co. as well as Institutional Shareholder Services Inc. have both been recognised as these kinds of firms. The recommendations from these are absolutely relied upon by various institutional investment firms, institutional shareholders as well as pension funds across North America.
Role of the Shareholders in proposed resolutions
The shareholders, in this regard, are encouraged for submitting the proxies in assistance of proposed resolutions before the proxy vote deadline of June 19, 2014, 9:00 a.m. ET. The shareholders who might be facing queries or need any kind of assistance in voting their shares will have to contact directly, the proxy solicitor of the company, CST Phoenix Advisors.
It must be noted that North American Palladium Ltd (USA) (NYSEMKT:PAL) is the established producer of precious metals and its mine called Lac des Iles is located in Ontario. LDI, the mine of NAP, is one of the only two primary producers of palladium in the whole world. The Lac des Iles mine offers a huge platform to the investors to explore palladium. Palladium is a lustrous and rare silvery-white metal which was discovered in the year 1803. The Palladium is a very rare metal and the ore deposits of this metal are also found very rarely.
