Shareholder Accuses Argo Group of Illegally Appointing Two Board Members

Shareholder Accuses Argo Group of Illegally Appointing Two Board Members

An Argo Group shareholder accusing the company and CEO Mark Watson III of extravagant spending practices now claims that the carrier illegally appointed two board members.

Argo disagreed, continuing a very public battle between Voce Capital Management LLC and itself that began more than a month ago over allegations that the board had supported excesses including a pricey art collection and luxury home/corporate jet travel for Watson. Voce has also nominated its own slate of independent board member candidates.

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