Institutional Shareholder Services Offers Meeting Results Service
Service leverages ISS’ global operations infrastructure and local market
research expertise to collect comprehensive and timely global meeting results
ROCKVILLE, Md. -- February 6, 2013
Institutional Shareholder Services Inc. (ISS), a leading provider of corporate
governance solutions to the global financial community, has launched a new,
comprehensive Meeting Results Service, covering global meetings from January
1, 2013 forward.
"Investors want to understand the impact of their corporate governance and
voting decisions in the broader context of final meeting results disclosed by
companies,” said Marija Kramer, ISS’ Head of Product Management. “Investors
face the challenge that differing regulatory requirements and market practices
determine company meeting results disclosure across the globe. The data itself
can be difficult and time-consuming to obtain. ISS’ Meeting Results Service
addresses these challenges by leveraging its global operations infrastructure
to collect comprehensive meeting results data in a timely manner.”
ISS delivers the data to clients directly through its ProxyExchange^TM voting
platform for ease of use by investors. Key features of the ISS Meeting Results
Service include experienced local data collection, global reporting and daily
workflow management functionality. Meeting results are also available to
subscribing Custodian Banks and/or their clients via SWIFT message through
ISS’ Global Proxy Distribution service.
In 2013, the global service will cover over 40,000 companies across 100
markets, with data procured and databased at the resolution level. Basic data
points include a pass/fail summary for each voting agenda item, an indicator
of the level of results disclosed by the company plus a flag indicating
non-disclosure by the company.
Additional data points include number of shares voted ‘with’ and ‘against’
management as well as abstain votes. The service also displays the percentage
of shares voted ‘with’ management, ‘against’ management or abstained as
compared to the number of shares voted at the meeting. The service also flags
whether the meeting was conducted by poll, show of hands or proxy. The meeting
results calculation method is detailed for each market. In the United States,
the number and percentage of shares voted for ‘Say on Pay’ 1-, 2- and 3-Year
frequencies is indicated.
Easy access to global meeting results is expected to help investors benchmark
their proxy voting policies, integrate meeting results into their future
voting decisions and workflows and incorporate final meeting results into
their board and client level reporting .
ISS, founded in 1985 as Institutional Shareholder Services Inc., is the
world's leading provider of proxy advisory and corporate governance solutions
to financial market participants. ISS' services include objective proxy
research and analysis, end-to-end proxy voting and distribution solutions,
turnkey securities class-action claims management, and reliable governance
data and modeling tools. More than 1,700 clients rely on ISS' expertise to
help them make informed corporate governance decisions. ISS is located in
financial centers worldwide and is a subsidiary of MSCI Inc., a leading
provider of investment decision support tools to investors globally. For more
information, please visit www.issgovernance.com.
This document and all of the information contained in it, including without
limitation all text, data, graphs, charts (collectively, the "Information") is
the property of ISS, or in some cases third party suppliers.
The Information has not been submitted to, nor received approval from, the
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Cheryl Gustitus, 301-556-0395
Sarah Ball, +44 (0)207 618 2275
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