Elliott Investment Management said it is pressing Northern Star Resources Ltd to undertake substantial board renewal, consider six independent director candidates and conduct an objective strategic and operational review, while criticizing the company's August 13 response as a board-controlled process that amounts to entrenchment. Elliott, which said funds it manages hold an economic interest of about 5.6% in Northern Star, said it has engaged with the board since early June but the two sides have been unable to agree on a path forward. The activist investor said Northern Star needs stronger oversight as it prepares for an incoming Chief Executive and incoming Chair, and argued that refreshed board expertise is needed to restore market confidence after what Elliott described as years of execution, governance and share-price underperformance despite record gold prices. Elliott said it is not seeking control or board seats for its own employees and remains open to working constructively with the company. The six proposed candidates are Susan Corlett, Mark Cutifani, Paul Graves, Mick McMullen, Peter Rozenauers and Graham Shuttleworth. Elliott said it has spoken with Australian and international shareholders who share concerns about Northern Star and believe significant change is needed.