The holding company led by Matthew Proud, the former CEO of Toronto-based legaltech firm Dye & Durham, wants to cut ISC’s board from 10 to seven members, arguing the smaller group would improve decision-making, Bloomberg reported. Plantro also proposed four new nominees to replace existing directors. (Bloomberg)

Talking point: Plantro wants a new board committee made up of its proposed directors to review the ISC’s operations, strategy and assets to find more value in the company. The investor has been building its stake in the Regina-based database company recently. It tried to buy as much as 15 per cent of the firm earlier this year, which ISC opposed, accusing Plantro of trying to unfairly take control of the company. In June, Plantro bought shares representing about 3.1 per cent of the stock and has since reportedly grown its stake to about 5 per cent. Plantro has also targeted Dye & Durham and Ottawa-based high-tech firm Calian in its activist campaigns.