Voya Financial may face `no confidence' vote backed by activist Toms Capital
Voya Financial may face a non-binding 'no-confidence' vote on Nov. 24, driven by activist investor Toms Capital Investment Management. Voya dismissed the straw poll as unsponsored and misleading, citing strong recent shareholder support for its board and executive pay. Meanwhile, Toms has been pushing for months for Voya to explore strategic options, including a potential sale or divestiture of its underperforming health insurer arm.
