NasdaqGS:BLSoftware
Engaged Capital Challenge Puts BlackLine Governance And Future Direction In Focus
Engaged Capital has formally nominated three director candidates to the Board of BlackLine (NasdaqGS:BL).
The move raises the possibility of a proxy contest and signals pressure for changes to the company’s direction and governance.
The nominations follow an ongoing engagement between Engaged Capital and BlackLine and could influence leadership and future priorities if the nominees are elected.
BlackLine focuses on cloud software that automates and streamlines accounting and finance...