Proxy Battle Draws Attention Across the Dry Bulk Sector　ドライバルク業界注目の委任状争奪戦

Diana Calls for Board Changes One Week Ahead of Genco Annual Meeting

ジェンコ総会まで1週間、ダイアナが取締役刷新要求

The battle for control of U.S.-listed dry bulk owner Genco Shipping & Trading is entering its final stage.

On June 9, Diana Shipping, the Greek dry bulk owner and Genco’s largest shareholder, renewed its call for shareholders to vote against the extension of the company’s shareholder rights plan, commonly known as a poison pill, and to support two independent director nominees.

The appeal followed a recommendation by proxy advisory firm ISS (Institutional Shareholder Services) that shareholders vote against the poison pill extension proposal.

■The full article covers the following topics (approximately 2,000 words)

→ An overview of the proxy contest between Genco and Diana, which has become a focal point for the dry bulk shipping industry

→ A detailed examination of the differing assessments by ISS and Glass Lewis, the two leading proxy advisory firms

→ An explanation of the factors behind Diana’s push for board changes alongside its acquisition proposal

→ An analysis of why the poison pill extension proposal has emerged as a key issue at the shareholder meeting

→ A look at the significance of the meeting outcome and the potential scenarios ahead amid growing expectations of industry consolidation

Photo courtesy of Diana Shipping, Genco Shipping & Trading

(Please read the full article, available in both English and Japanese. The Japanese version follows the English article.)

ドライバルク業界注目の委任状争奪戦

ジェンコ総会まで1週間、ダイアナが取締役刷新要求

　米国上場ドライバルク船社ジェンコ・シッピング・アンド・トレーディングを巡る経営権争いが最終局面を迎えている。

　ジェンコの筆頭株主であるギリシャのドライバルク船主大手ダイアナ・シッピングは6月9日、議決権行使助言会社のISS（Institutional Shareholder Services）がジェンコの買収防衛策（ポイズンピル）延長案への反対推奨を行ったことを受け、株主に対し同議案への反対と独立取締役候補2人への支持を改めて呼び掛けた。

■記事本文では以下の内容を読むことができます（記事全文約2,000文字）

→ドライバルク業界で注目を集めるジェンコとダイアナの委任状争奪戦の全体像を整理

→ISSとGlass Lewis、2大議決権行使助言会社の評価の違いを詳報

→ダイアナが買収提案と並行して取締役刷新を求める背景を解説

→ポイズンピル延長案が株主総会の重要争点となった理由を分析

→業界再編の機運が高まる中、総会結果が持つ意味と今後のシナリオを展望

（続きは英語と日本語で書かれた本文でお読みください。日本語の記事は英文記事に続いて掲載されています）