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.”…
Tag: proxy advisory firms
FT: Investors pass the buck on governance VEA: No They Don’t
Rana Foroohar’s column on institutional investors and corporate governance is internally inconsistent and factually wrong. She says that institutional investors “outsource” their proxy votes to the proxy advisory firms. But anyone who understands finance and markets has to recognize that (1) institutional investors rely on a wide range of sources for making all investment decisions,…
Conference Board: Proxy Advisory Service Firms on the Role of the Director
The Job of the Corporate Director – Perspectives of Proxy Advisory Firms Wednesday, March 1, 2017 Mandarin Oriental, 1330 Maryland Avenue, SW Washington, DC 20024 Complimentary event, registration required. Please join us for the first in a year-long series of roundtable discussions to examine what different stakeholder groups see as the “job description” for public…
