SoftwareONE Board Faces No Complete Replacement: Proxy Advisors Unite in Opposition

SoftwareONE Holding AG, the renowned provider of global software and cloud solutions, has officially announced that its proposed complete Board of Directors replacement, urged by a 29% shareholder block, faces unanimous opposition from notable proxy advisors. The resistance comes after recently added advisors Ethos, Glass Lewis, and Inrate joined ISS in their disapproval of the sweeping governance change. This consensus emerged in the week of April 5, 2024, emphasizing a collective stance against the shareholder block's demands.

The company, headquartered in Stans, Switzerland, interprets the advisors' unified position as a reinforcement of its current direction. The Board believes that maintaining a balanced composition aligns with the wider interests of all stakeholders, ensures organizational stability, and focuses management efforts on achieving growth, profitability, and the execution of Vision 2026.