Al Shams Investments Responds to Braemar's Appointment of Another Conflicted Ashford Inc. Executive to the Board of Directors
Al Shams Investments, Braemar's largest shareholder, issued an open letter accusing the board of ceding control to its external advisor, Ashford Inc. Al Shams notes that Ashford executives now hold more than 40% of board seats, following the resignation of two independent directors and the appointment of another Ashford affiliate.
Key figures
- Ashford fees at risk
- $480 million
- Al shams shares owned
- 6513000
- Ashford board seats pct
- >40%
AI analysis
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