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Home>P&G is Taking the Right Steps to Create Shareholder Value

P&G is Taking the Right Steps to Create Shareholder Value

P&G is Taking the Right Steps to Create Shareholder Value

09/30/2017

P&G is Taking the Right Steps to Create Shareholder Value

P&G Urges Shareholders to Vote “FOR” ALL of P&G’s Directors on the BLUE Proxy Card

Comments on ISS Report

The Procter & Gamble Company (NYSE:PG) today responded to the report issued by Institutional Shareholder Services Inc. (“ISS”) regarding the election of directors to the P&G Board at the Company’s Annual Meeting of Shareholders to be held on October 10, 2017.

The Company noted that ISS recognizes:i

“Current management has taken appropriate steps to optimize the company to a core portfolio which it is able to profitably manage.”

“It also seems clear that many of Taylor's initiatives are beginning to bear fruit, even against a weaker global consumer market and other challenges outside of management's control. In that sense, the optimal time for a typical activist intervention was perhaps a few years ago, during McDonald's tenure or right around the time of Taylor's appointment.”

“Two conclusions can be drawn from the TSR analysis. The first is that initiatives undertaken by CEO Taylor appear to have reversed a prolonged period of underperformance and are beginning to drive positive returns to shareholders. The second is that the announcement of the dissident campaign has had a limited impact on P&G's returns.”

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