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Barnwell Industries Remains Committed to Sound Corporate Governance
- On May 16, 2025, Barnwell Industries, Inc. Announced Heather Isidoro's appointment to its Board amid ongoing governance disputes ahead of the 2025 annual meeting.
- This event follows prolonged conflict with the Sherwood Group, whose nomination notice Barnwell rejected for bylaw noncompliance and who continues a disruptive campaign.
- Barnwell welcomes Isidoro for her energy leadership and operational expertise, highlights its board’s integrity, and criticizes the Sherwood Group’s attempts as misleading and fact-distorting.
- Glass Lewis and Institutional Shareholder Services recommended shareholders vote for Barnwell’s directors including Isidoro, while Sherwood claims board 'entrenchment' amid failed consent solicitation involving uncounted 7,000 shares.
- Barnwell remains open to good-faith talks to resolve disagreements collaboratively, aiming to preserve focus on long-term value via its Canadian energy assets and strategic growth efforts.
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Helena Independent Record+26 Reposted by 26 other sources
Barnwell Industries Remains Committed to Sound Corporate Governance
Announces Glass Lewis - For the Second Time in Three Weeks - Rejected Yet Another Attempt by the Sherwood Group to Take Control of Barnwell
·Helena, United States
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Total News Sources28
Leaning Left1Leaning Right1Center10Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
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