ISS recommends against Goldman pay plan, worried on costs | Euronews

Proxy advisor Institutional Shareholder Services on Friday recommended investors vote against a stock plan for employees at Goldman Sachs Group Inc, concerned about its costs and the bank’s heavy use of stock-based compensation.In a report to clients sent by an ISS spokesman, the leading proxy advisor wrote that the “the cost of the company’s equity…

Institutional Investor’s Wildly Inflammatory Rhetoric About ISS

The wildly inflammatory headline is belied by the actual text, which is sloppily sourced, vague, and internally inconsistent. Michelle Celarier of Institutional Investor calls ISS “The Mysterious Private Company Controlling Corporate America” but then admits that it has produced a “premium research product” that makes recommendations on proxy contests based on the “least invasive solution.”…

What Do Investors Want from Boards?

What do investors want from a board of directors? Much is written on this topic, yet rarely do we get the opportunity to hear directly from the people who vote or influence the vote of shareholder proxies. Featuring: Ed Garden — Chief Investment Officer and Founding Partner at Trian Fund Management, L.P. Robert McCormick, Esq….

Comments to the SEC on Proxy Voting by Retail Investors

We have submitted a comment to the SEC to extend and amplify the comments at their January hearing on improving proxy voting participation by retail investors.  Other comments, including those by James McRitchie, CII, and the Fellows of the Corporate Governance of Harvard Law School, are well worth reading. Our comment focused on responding to…