(Reuters) – Proxy advisory firm Institutional Shareholder Services on Thursday recommended that shareholders of General Electric Co vote against keeping accounting firm KPMG as the company’s auditor because of “concerns about GE’s previously undisclosed liabilities and accounting practices.”
Another proxy advisory firm, Glass, Lewis & Co, on Tuesday also recommended that GE shareholders vote against the ratification of KMPG as the company’s auditor, citing concerns about a Securities and Exchange Commission investigation into the company’s accounting practices.
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