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Investing.com -- Match Group Inc (NASDAQ:MTCH)., the parent company of popular dating apps, has refuted claims made by activist investor Anson Funds Management LP, labeling them as “inaccurate and misleading characterizations” of the company. This comes in response to Anson Funds’ criticism of Match Group’s board for its alleged “anti-stockholder culture” and the nomination of three new directors.
Anson Funds had previously expressed concern over the company’s long-term underperformance, attributing it to poor corporate governance and board oversight. The investor group claimed that Match’s board, described as outdated and insular with deep interlockings, was not adequately qualified to oversee a modern technology company primarily serving young adults.
Bloomberg News reported that a spokesperson for Match Group argued that the shareholder’s statement was filled with inaccuracies and misleading characterizations of the company and its engagement with the investor. The spokesperson further highlighted that the board brings deep expertise and diverse perspectives across technology, consumer, and financial sectors. The board has also reviewed the individuals nominated by Anson Funds as per its governance policies.
Last Friday, Anson Funds announced its nomination of Fumbi Chima, Laura Lee, and Kelley Morrell for election to the Match Group’s board at the company’s annual stockholder meeting. The company’s response indicates a disagreement with Anson Funds’ assessment of its board and its performance.
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