01:51 PM EDT, 05/02/2024 (MT Newswires) -- Unions and pension funds that invest in Norfolk Southern ( NSC ) should back Ancora's full slate of seven directors at the company's shareholder meeting this month, according to two Institutional Shareholder Services proxy advisory services, CNBC reported.

In separate reports viewed by CNBC, Taft-Hartley Advisory Services and Social Advisory Services, which focus their recommendations on regulated unions as well as socially responsible investors, said that an Ancora majority would help address the current board's "negligence" and help fix its "serious concerns with accountability."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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