<p><span>In September 2019, the Commission issued an interpretation and guidance addressing the application of the proxy rules to proxy voting advice businesses. <i>Commission Interpretation and Guidance Regarding the Applicability of the Proxy Rules to Proxy Voting Advice</i>, 84 Fed. Reg. 47,416 (Sept. 10, 2019) (“2019 Interpretation and Guidance”). On July 22, 2020, the Commission adopted amendments to Rules 14a-1(l), 14a-2(b), and 14a-9. <i>See Exemptions from the Proxy Rules for Proxy Voting Advice</i>, 85 Fed. Reg. 55,082 (Sept. 3, 2020) (“2020 Rule Amendments”). Those amendments codified the Commission’s view that proxy voting advice generally constitutes a “solicitation” as defined in Rule 14a-1(l), adopted Rule 14a-2(b)(9) to add new conditions to two exemptions from the proxy rules’ information and filing requirements that
Tarsadia Capital, LLC together with its affiliates, associates and funds it manages (“Tarsadia”), today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) has recommended that Extended Stay America, Inc.
A new report released this week has given insight into the “blind spots” of climate finance where uncertainty persists for investors. The investment arm of Institutional Shareholder Services Inc.
Published: May 27th, 2021
The associate dean for strategic initiatives at Ohio State University talks about his new study on the relationship between big investors and proxy advisers as well as his view that the activist investment movement wouldn’t exist in its current form without the help of proxy advisers.
Robovoting when institutional investors mechanically follow recommendations issued by proxy advisers is more likely to occur at smaller companies engaged in proxy fights than their larger counterparts, partly because those battles tend to stay out of the media spotlight.
That’s the view of Paul Rose, the associate dean for strategic initiatives at Ohio State University. Rose spoke with The Deal for its Activist Investing Today podcast about a new study he developed showing that 114 institutional investors with $5 trillion in assets under management voted last year in lockstep with proxy advisers Institutional Shareholder Services Inc. or Glass, Lewis & Co. LLC
A group of investors opposed to a $6 billion takeover of hotel company Extended Stay America Inc. got a boost Friday with a prominent shareholder advisory firm coming out against the deal.
Institutional Shareholder Services Inc. urged investors to oppose the acquisition by Blackstone Group Inc…