RE:RE:How can ISS and Glass Lewis What part of "Independent Proxy Advisory" services do some people in here not understand?
Excerpt from an article on ISS and Glass Lewis.: "ISS and Glass Lewis are the two most prominent proxy advisory services, at least in North America. Because institutional investors sometimes hold hundreds or thousands of different stocks at a point in time, they tend to need assistance in voting their shares come annual meeting time. This is where ISS and Glass Lewis come in.
Both firms have created models of what they think good governance looks like. And both use various algorithms to determine whether a given company is deserving of a “yes” vote on Say on Pay, and whether individual board members should be supported. Many institutions follow their recommendations, while others subscribe to the services yet also employ their own staff to determine how they should vote their shares....."