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  "documentTitle": "Huntsman Corporation (HUN)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "presentationDate": "2022-02-28 00:00:00",
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  "notes": "The slide uses a scatter plot to visually demonstrate that the peer group average falls outside the recommended 'Proxy Advisor Guidelines' box.",
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      "kind": "callout",
      "text": "Even the average of the Board-approved Proxy Peer set is OUTSIDE of proxy advisor guidelines!",
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      "text": "Huntsman and Proxy Peers - Market Capitalization vs. Revenue",
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      "text": "Leading proxy advisors have generally recommended the following for determining whether a company's Proxy Peers are appropriate: Market Cap: Peer market capitalization no greater than 4.00x and no less than 0.25x when compared to the company. Revenue: Peer revenue no greater than 2.50x and no less than 0.40x when compared to the company.",
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      "text": "The Board-approved Proxy Peers used to determine executive compensation seem poorly-selected based on leading proxy advisor guidelines.",
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      "text": "Source: Bloomberg, public company filings, ISS. (1) As of December 31, 2020. (2) See Glossary in Supplemental Information section for definition. (3) Represents ISS guidelines. Glass Lewis does not publicly disclose size guidelines for Huntsman.",
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      "text": "We believe the Board and Compensation Committee have selected an inappropriate Proxy Peer set for benchmarking executive compensation.",
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      "text": "We Believe the Board Approved Proxy Peers For Compensation Benchmarking That Are AGAINST Leading Governance Practices",
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