Dispute over ESG policies leads to a director departure at Werner
In a rare instance of internal board of directors disagreements jumping into public view, a director at Werner Enterprises has resigned, citing in part the truckload carrier’s “unquestioned dedication to ESG [environmental, social and governance] considerations as a primary strategy.”
Vikram Mansharamani’s resignation came before he faced the likelihood of not being be reelected to a second three-year term.
In a letter dated Feb. 27 and revealed publicly in a Werner (NASDAQ: WERN) Securities and Exchange Commission filing Friday, Mansharamani said he was resigning because “ongoing material disagreements with the board over policies and practices lead me to conclude I am no longer able to effectively serve as a director.”
In the brief letter, Mansharamani said the disagreements “center on repeated related party transactions, the unquestioned dedication to ESG considerations as a primary strategy, and the refusal to adequately consider differing perspectives.”
In a rare instance of internal board of directors disagreements jumping into public view, a director at Werner Enterprises has resigned, citing in part the truckload carrier’s “unquestioned dedication to ESG [environmental, social and governance] considerations as a primary strategy.”
Vikram Mansharamani’s resignation came before he faced the likelihood of not being be reelected to a second three-year term.
In a letter dated Feb. 27 and revealed publicly in a Werner (NASDAQ: WERN) Securities and Exchange Commission filing Friday, Mansharamani said he was resigning because “ongoing material disagreements with the board over policies and practices lead me to conclude I am no longer able to effectively serve as a director.”
In the brief letter, Mansharamani said the disagreements “center on repeated related party transactions, the unquestioned dedication to ESG considerations as a primary strategy, and the refusal to adequately consider differing perspectives.”
Source: freightwaves.com
