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The Latest Breaking News from Institutional Shareholder Services

Don’t use ‘boilerplate’ reasons to justify big executive pay rises, UK firms warned

Investment Association, influential group of shareholders, urges pay committees to avoid ‘benchmarking’

The Guardian - UK

Elon Musk Claps Back At Hefty Pay Critics: 'Which Of Those CEOs Would You Like To Run Tesla?' — Company Worth More Than All Other Automakers Combined

Elon Musk has defended his position as the Tesla Inc. (NASDAQ:TSLA) CEO amid ISS opposition to the new trillion-dollar pay package set for a vote during next month's shareholder meeting. The ISS, or Institutional Shareholder Services, is a proxy advisory firm that provides advice regarding shareholder votes and is a…

Benzinga

Elon Musk Faces Tesla Revolt: Furious Shareholders Slam His $1 Trillion Power Grab

Elon Musk faces investor fury as Tesla shareholders push back against his record-breaking $1 trillion compensation deal and warn of a power grab.

International Business Times UK

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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

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

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

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

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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

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

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

Economy and Society: July 19, 2022- Missouri Treasurer challenges ESG impact on public pensions

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

Twitter Refuses To Let Go Board Member Egon Durban - Read Why

Twitter, Inc (NYSE:TWTR) refused to remove Silver Lake co-CEO Egon Durban from its board after failing to win the support of the necessary majority of Twitter investors. The board considered Durban a highly influential member bringing an unparalleled operational knowledge of the industry, a unique perspective, and an invaluable skill set and experience…

Benzinga

Why A Prominent Advisory Firm Is Advocating For Apple Investors To Vote Against CEO Tim Cook's Pay Package

Proxy advisory firm Institutional Shareholder Services (ISS) is urging Apple Inc (NASDAQ: AAPL) investors to vote against CEO Tim Cook’s pay packet, which is more than a thousandfold higher than an average company employee.

People

Mike Ashley Frasers Group

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Scott Fitzpatrick

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