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  "documentTitle": "Dye & Durham Limited (DND)",
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  "authorName": "Arnaud Ajdler",
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  "notes": "The slide highlights a specific governance concern regarding peer group selection bias.",
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      "text": "DND recently removed Information Services (+101.4% TSR since DND’s IPO) to help improve its relative performance.",
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      "text": "DND recently added Shopify (-11.7% TSR since DND’s IPO), Kinaxis (-17.3% TSR since DND’s IPO), and Global Payments (-38.2% TSR since DND’s IPO) to help improve its relative performance. We suspect another reason Global Payments & Shopify have been added is because two of Engine’s nominees are employees of these companies.",
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      "text": "Dye & Durham Changed its Company Defined Peer Group to Bolster its Relative Share Performance",
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