CARMEL, Ind., May 7 /PRNewswire-FirstCall/ -- Conseco, Inc. (NYSE: CNO) today responded to the recommendation of RiskMetrics Group (RMG) that its subscribers who hold Conseco, Inc. stock vote for eight of the nine company nominees, but vote for a dissident nominee for the ninth director up for election.
"RMG tends to support minority dissident shareholders, so its recommendation to elect a dissident at Conseco's upcoming annual meeting is not surprising," said Conseco CEO Jim Prieur. "Even so, it's disappointing that RMG's recommendation ignored the clearly superior qualifications - including insurance industry and investment management experience - of current director Phil Roberts. Phil has been a key member of Conseco's board since the company's reorganization in 2003, and we urge all shareholders to support his re-election."
Conseco noted that another proxy advisory firm, Proxy Governance, Inc., today issued its report recommending that shareholders vote in favor of all nine of the company's nominees for Conseco's board.
Conseco, Inc.'s insurance companies help protect working American families and seniors from financial adversity: Medicare supplement, long-term care, cancer, heart/stroke and accident policies protect people against major unplanned expenses; annuities and life insurance products help people plan for their financial futures. For more information, visit Conseco's Web site at www.conseco.com.
|SOURCE Conseco, Inc.|
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