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(“ISS”) regarding the election of directors to the P& G Board at the Company’s Annual Meeting of Shareholders to be held on October 10, 2017." data-reactid="12"The Procter & Gamble Company (PG) today responded to the report issued by Institutional Shareholder Services Inc.(“ISS”) regarding the election of directors to the P&G Board at the Company’s Annual Meeting of Shareholders to be held on October 10, 2017.i“Current management has taken appropriate steps to optimize the company to a core portfolio which it is able to profitably manage.”“It also seems clear that many of Taylor's initiatives are beginning to bear fruit, even against a weaker global consumer market and other challenges outside of management's control.As ISS clearly recognized in its report, the changes needed to accelerate growth are already being implemented, and our results demonstrate that the plan is working.P&G today is a profoundly different and more profitable Company than it was just a few years ago.

Though the dissident has indicated that it is "not advocating for the break-up of the company," the word "ever" is conspicuously absent from that statement.

It is also possible that the optimal structure is much closer to P&G's current form than to Trian's proposed holding company with three global business units.”“It is possible that certain views informed by the dissident's outside advisor for this campaign, former P& G CFO Clayton Daley, may be outdated, as the board claims, given that nearly nine years have passed since his retirement from the company.

In the absence of a more current view from within the company, for instance, it is difficult for the dissident to argue that its proposed organizational structure is indeed optimal for the company.”" data-reactid="18"“It is possible that certain views informed by the dissident's outside advisor for this campaign, former P&G CFO Clayton Daley, may be outdated, as the board claims, given that nearly nine years have passed since his retirement from the company.

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CINCINNATI--(BUSINESS WIRE)--PG) today responded to the report issued by Institutional Shareholder Services Inc.