Proxy advisor ISS urges ConocoPhillips shareholders to vote for independent board chair

Proxy advisor ISS urges ConocoPhillips shareholders to vote for independent board chair

April 22 (Reuters) – Proxy advisor ISS on Wednesday recommended that ConocoPhillips shareholders vote in favor of a proposal calling for an independent board chair, citing the need for ​stronger oversight of management. The non-binding proposal asks the ‌U.S. oil and gas producer to separate the roles of chair and chief executive officer, with an independent director holding the board chair position. ISS backed the proposal, arguing that shareho…