Institutional Shareholder Services (ISS) and Glass Lewis, controlling 97% of the proxy advisory market, face calls for antitrust investigations. ISS, notably influencing shareholder voting in corporate elections and majority owned by Deutsche Boerse, has recently expanded its offerings to cater to 'ESG skeptic' clients, according to Reuters. This move comes as ISS recommended voting for all ten directors at Canon, marking a shift from its previous stance due to a lack of female representation on the board. The SEC is also set to vote on a controversial climate change rule this week, highlighting the increasing scrutiny on ESG practices within the corporate governance and investment sectors.
Exclusive: Proxy adviser ISS expands offerings for 'ESG skeptic' clients https://t.co/ZYKwSGZ3h1 https://t.co/CyqqDCcfXY
The SEC votes this week on controversial climate change rule: Here's what's at stake. This has it all: politics, the future of ESG, and the ETF industry is watching carefully. https://t.co/IoBUiTWRa0
⚠️ EXCLUSIVE-PROXY ADVISER ISS EXPANDS OFFERINGS FOR 'ESG SKEPTIC' CLIENTS (Reuters) Institutional Shareholder Services (ISS), the influential proxy adviser majority owned by Deutsche Boerse that recommends how shareholders should vote in corporate elections, will offer a new…
Proxy advisory firm Institutional Shareholder Services recommended that investors vote for all ten directors at Canon later this month, a reversal from last year when it opposed the CEO’s reappointment because of a lack of female representation. https://t.co/S52twgx6Qt
Need to investigate ISS and Glass Lewis too. https://t.co/eOuXf8oCKS
ISS and Glass Lewis are a duopoly controlling 97% of the proxy advisory market (making shareholder voting recommendations to institutional investors like Blackrock and state pension funds). Antitrust is needed. https://t.co/c3yaNFUGQk