Manchester United Plc faces scrutiny from proxy advisory firms ISS and Glass Lewis over weak corporate governance.
The advisors identified a lack of board independence and the absence of a nominating committee. The firms also highlighted poor transparency regarding proxy voting results.
This coordinated criticism increases pressure on the club’s leadership and shareholder oversight practices. The development introduces new governance risks for investors despite a muted market reaction. These risks may impact future transactions, shareholder treatment, and board refreshment.