Proxy ad­vis­er ISS sup­ports on­ly one of Ic­ah­n's can­di­dates for Il­lu­mi­na board

A sec­ond proxy ad­vis­er firm is­sued a neg­a­tive opin­ion of Il­lu­mi­na’s gov­er­nance in the midst of its fight with in­vestor Carl Ic­ahn, an­oth­er blow to the com­pa­ny’s at­tempt to fight off the ac­tivist ag­i­ta­tor.

The re­port from In­sti­tu­tion­al Share­hold­er Ser­vices, or ISS, rec­om­mend­ed that share­hold­ers re­place Il­lu­mi­na Chair­man John Thomp­son, cit­ing his long-stand­ing busi­ness re­la­tion­ship with CEO Fran­cis deS­ouza that pre­dat­ed their time at the ge­net­ic test­ing com­pa­ny.

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