OAKLAND, CA — The Clorox Company has issued a statement regarding Carl Icahn''s move to replace the entire existing board of directors, according to a press release.
"We believe that Mr. Icahn is nominating candidates solely to advance his own agenda. Clorox will review Mr. Icahn''s nominations to ensure they comply with the company''s governing documents and applicable law," the company stated.
According to the company, "Clorox has an outstanding board of directors that has demonstrated its commitment to acting in the best interests of all Clorox stockholders. The board is composed of 11 highly qualified directors, 10 of whom are independent, and all of whom are elected annually."
"The directors are proven business leaders with a broad range of complementary experience in consumer products, finance and other areas essential to Clorox''s business, and they have overseen the company''s success in delivering superior results and creating significant stockholder value," the company noted.
Click here to read the complete release.