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Adviser Backs Paulson’s Proposals in Detour Proxy Fight

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Proxy adviser Glass Lewis on Wednesday backed Paulson & Co.’s call to overhaul Detour Gold Corp.’s board, days after another adviser stopped short of recommending more aggressive changes demanded by the activist investor. Detour’s existing management has been resisting Paulson’s push for a board shakeup and the immediate dismissal of interim chief executive officer Michael Kenyon and chairman Alex Morrison. Paulson has about 6 per cent stake in Detour...

Mentions: Management Proxy Fight stake