Voce Hits Back at Argo Proxy Statement, Claims Board Appointments are Invalid

Voce Hits Back at Argo Proxy Statement, Claims Board Appointments are Invalid

In an ongoing dispute, Voce Capital Management, 5.6 percent shareholder of Argo Group, has questioned the legality of the Bermuda re/insurer’s appointment of two independent directors, Samuel Liss and Tony Latham, to its board.

The activist investor hit back at Argo’s recent proxy statement made ahead of its annual general meeting, which largely reiterates its criticisms of Argo’s corporate expenses, and suggests these appointments are invalid under Argo’s bye-laws and Bermuda law.

Read More