ZIM Integrated Shipping Services .(US:ZIM) Prnewswire·2025-12-14 21:30Core Viewpoint - ZIM Integrated Shipping Services Ltd. is urging shareholders to support its independent board and ongoing strategic review by voting for all eight of its nominees and against the three dissident nominees, following recommendations from leading proxy advisory firms Glass Lewis and ISS [1][2][6]. Group 1: Proxy Advisory Recommendations - Glass Lewis has recommended that shareholders vote for all eight of ZIM's director nominees and against the three dissident nominees, affirming the board's independence and the appropriateness of its strategic review process [1][6]. - ISS has also advised shareholders to support ZIM's full slate of nominees, reinforcing the board's capability to oversee the strategic review [2][6]. Group 2: Strategic Review Process - ZIM's board is conducting a comprehensive and independent strategic review, exclusively led by independent board members and supported by external financial and legal advisors, with no management involvement [3][4]. - The board has received multiple indications of interest from strategic and financial parties as part of its outreach efforts [3]. Group 3: Dissident Group's Position - Glass Lewis found no evidence of flaws or conflicts in the board's process, stating that the dissident group's concerns are based on unsubstantiated claims rather than rigorous analysis [5]. - The dissident group has not provided a compelling case for board change, relying on rumors and speculation rather than concrete evidence [5]. Group 4: Shareholder Structure and Governance - ZIM's shareholder base is highly dispersed, with the ten largest shareholders holding between approximately 1.2% and 4.1% of the company's shares, making it unlikely for any single investor to influence a change-of-control transaction [5]. - The dissident nominees lack relevant experience in maritime operations and large-scale strategic transactions, which are critical for overseeing a capital-intensive shipping business [5].