Thomson ReutersMay 7, 2013 13:49
(Reuters) - Influential U.S. proxy advisory firm ISS asked Hess Corp's <HES.N> shareholders to elect five new board members nominated by activist hedge fund Elliott Management, a day after another proxy firm, Glass Lewis, made a similar recommendation.
Elliott Management, which owns a 4.5 percent stake in the oil and gas company, has asked Hess for a number of changes, including the election of independent directors to the board, to increase shareholder value.
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