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Date Posted: 5/15/2002
ISS Recommends Clarus Holders Vote for Clarus' Board Nominees
ATLANTA -(Dow Jones)- Institutional Shareholder Services recommended Clarus Corp. (CLRS) stockholders vote for Clarus' board nominees at the annual shareholders meeting May 21 .
In a press release Wednesday, Clarus said it was pleased the independent proxy advisory firm supports its director nominees.
Clarus said the dissident nominees may be focused more on short-term uses of the company's cash than long-term measures to enhance shareholder value.
On Monday, the dissident group urged the company to adopt good corporate governance procedures recommended by ISS.
The group has said it wants to hold off any acquisitions until after the shareholders meeting.
Company Web site: http://www.claruscorp.com
-James Mcdermott; Dow Jones newswires; 201-938-5400
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