In $2017,$ Nelson Peltz, a billionaire investor and the CEO of Trian Fund Management, publicly criticized P&G$$s management and board for poor financial performance and a lack of innovation. He proposed a number of changes, including cutting costs, increasing R&D spending, and divesting underperforming businesses. He also called for the election of himself and other Trian nominees to P&G$$s board of directors. P&G$$s management and board resisted Peltz$$s proposals and argued that the company was already taking steps to improve performance and boost growth. They also argued that Peltz$$s nominees were not qualified to serve on the board. For which issue did Nelson Peltz try to seek more clout?

A majority vote

Banning classified or staggered boards

Proxy access