Hints and tips:
...Both were supported by ISS....
...ISS raised separate concerns over AIG’s annual and long-term incentive plans for Zaffino, questioning the “rigour” of the metric for total shareholder return....
...ISS only recommended Disney shareholders support Peltz, not Rasulo....
...ISS backed the rest of the bank’s proposals for this year. It supported the pay plan last year....
...Recently, restrictive shareholder proposals that called on banks to halt coal financing had not seen much success, Kosmas Papadopoulos, an executive director at ISS-Corporate, told me....
...But statistics from ISS-Corporate, the data affiliate of the proxy adviser, shows investor pressure for change....
...The tech group’s existing guidelines “do not specifically identify the potential risks resulting from the use of AI” raised in the shareholder proposal, ISS said....
...ISS also noted that Tradeweb’s board lacks independence and has just one female director....
...Instead, Musk explained that keeping his attention on Tesla would be for the good of humanity, as it would limit the chance of interference from corporate governance sticklers like Glass Lewis and ISS (“...
...“Staley had had previous occasion to defend his ethical conduct and the board to investigate his behaviour,” ISS said....
...Marshall underscored that ISS was a registered investment adviser subject to oversight from the US Securities and Exchange Commission....
...In a letter to ISS last week, JPMorgan argued ISS had incorrectly analysed pay data from private equity firm Blackstone, which triggered the negative recommendation for JPMorgan....
...In an ISS recommendation seen by the Financial Times, the proxy adviser said investors should vote for the resolution. The motion is not binding, but ISS’s advisory could give it further momentum....
...Both ISS and Glass Lewis have recommended that investors vote against Tuckwell’s election but suggest changes to the board are merited....
...The median support for these resolutions fell to 15 per cent in 2023 from 25 per cent in 2022 and 32 per cent in 2021, according to BlackRock and ISS data....
...Index funds will control more than half of long-term invested US assets by the end of 2027, according to ISS Market Intelligence....
...Others have been less diplomatic, with Swedish media reporting criticism that the way the ISS intends to enact the policy amounts to “mafia methods”. ISS cites support from its clients....
...in the sea”: The blockbuster payout for Peter Zaffino (whose total salary in 2021 and 2020 reached $21.9mn and $24mn respectively), was set to be a flashpoint, with proxy heavyweights Glass Lewis and ISS...
...The tech giant’s commitment is the largest among more than 40 companies including Hilton, Marriott, ISS and Starbucks, which together said they would hire more than 13,000 refugees....
...As a result, ISS and Glass Lewis have significant sway over the corporate landscape, the SEC has said....
...There are 27 dual-class share companies in the S&P 500, according to ISS Corporate Solutions....
...“The company is a significant greenhouse gas emitter and is not taking the minimum steps needed to understand, assess, and mitigate risks related to climate change,” ISS said....
...This is literally the reason why proxy advisory firms Glass-Lewis and ISS exist....
...ISS and Glass Lewis sell shareholder voting recommendations ahead of companies’ annual general meetings....
...Also alluded to are Glass Lewis and ISS — real-world groups who advise companies with extensive holdings on how to use their proxy votes at annual general meetings of shareholders....
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