SECRETARY MICHAEL WATSON OPENS INVESTIGATIONS INTO INSTITUTIONAL SHAREHOLDER SERVICES INC. (ISS) AND GLASS LEWIS
JACKSON, Miss – The Office of the Mississippi Secretary of State has opened investigations into two of the nation’s largest proxy advisory firms, Institutional Shareholder Services Inc. (ISS) and Glass Lewis.
The Securities Division is investigating whether the firms are recommending votes for climate-related shareholder proposals which do not enhance or protect shareholder value. The promotion of environmental, social, and governance (ESG) factors would be in direct violation of their fiduciary duty and conflict with previous statements issued by the companies.