1. Proxy Advisers Push Back at DC Criticism: 'We give shareholders a voice'

    Proxy Advisers Push Back at DC Criticism: 'We give shareholders a voice'

    A leading proxy adviser is defending its business model against increasing attacks from lawmakers and top business groups , arguing that its work is critical to ensuring investors have a voice in corporate governance issues. Companies like Institutional Shareholder Services and Glass Lewis make recommendations on how shareholders should vote on proposals ranging from board membership to executive pay and climate change...

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  2. Quotes

    1. Proxy advisers have become a surrogate for shareholders themselves in the debate regarding what kind of voice investors should have in the companies they own.
    2. ISS does not choose the ballots or agenda items on which it renders advice.
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