Diana Shipping is actively urging the shareholders of Genko Shipping & Trading to clearly vote against two key proposals at the upcoming meeting: one is the approval of the company’s existing poison pill defense plan, and the other is the adoption of a new equity incentive scheme.
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This move marks further action by Diana Shipping in its efforts to influence the corporate governance direction of its peer company. The company believes these measures may not be in the best interests of all shareholders of Genco Shipping & Trading and may affect shareholder value.
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