Telenet says a proposal made by shareholder Lucerne Capital Management to appoint a corporate governance specialist is not justified, according to a statement on its website.

“Telenet does not see the merit of the appointment of such a ‘corporate governance specialist’,” Telenet CEO John Porter and Chairman Bert de Graeve say. “There is no situation of crisis or emergency for Telenet that could justify such a measure.”

Telenet says it does not want to set a precedent because if it...