RARE PHOTOS: Institutional shareholder services | Vintage Vibes

SEC ends climate-investor investigation, warns of disclosure obligations

In this week’s edition of Economy and Society:

Ballotpedia · Oct 14

ISS sues to block Oklahoma proxy advisor law

Institutional Shareholder Services (ISS), a proxy advisory firm that provides voting recommendations to institutional investors, sued to block an Oklahoma law requiring proxy advisors to provide additional financial analysis when recommending votes against company management.

Ballotpedia · Sep 14

Federal courts block proxy advisor disclosure laws in Kansas and Indiana

Federal judges struck down state proxy advisor disclosure laws in Kansas and Indiana within four days of each other in late June 2026, handing Institutional Shareholder Services (ISS) and Glass Lewis their second and third consecutive court victories against such laws.

Ballotpedia · Jul 8

At troubled UnitedHealth Group, a highly unusual pay package—potentially worth $60 million to its boomerang CEO—heads to a June vote

Shareholders will soon get to vote on that unconventional pay plan. Institutional Shareholder Services advises they vote no.

Fortune · May 29, 2025

Larry Fink has BlackRock pay package targeted by proxy advisor

Fink’s compensation jumped 33% from $26.9 million to $36.7 million after a banner year in 2024.

Fortune · Apr 30, 2025

Boohoo gains backing of proxy adviser in boardroom spat with Frasers

Boohoo said Institutional Shareholder Services (ISS) had recommended shareholders vote against the plans on December 20.

Evening Standard · Dec 9, 2024

Texas fund adopts shareholder voting approach opposing ESG

The Texas Permanent School Fund announced last week that it will use a new proxy voting option from Institutional Shareholder Services (ISS) referred to as the ESG skeptic option, which was developed by Bowyer Research. The move came after the fund generated headlines last month when it removed $8.5 billion…

Ballotpedia · Apr 25, 2024

West Virginia treasurer sends letter to financial institutions over ESG practices

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia · Mar 5, 2024

States send letters and questionnaires inquiring about ESG at firms

Twenty-one state financial officers signed letters on May 15 that were sent to large asset management firms and two proxy advisory services (Glass-Lewis and Institutional Shareholder Services, who combined represent 95% of the proxy advisory business), requesting answers to questions about the use of ESG and the justification for doing…

Ballotpedia · May 27, 2023

Vanguard announces exit from net zero climate investment alliance

On December 2, the Federal Reserve’s board of governors released its proposed rule on climate risks for big banks, including its proposed environmental stress tests. The board asked for public comments:

Ballotpedia · Dec 13, 2022