Institutional Shareholder Services to Open its Platform to Select Research
and Data Providers
Market Leader to Serve as a Research Gateway for Clients Interested in
Multiple Views on Corporate Governance Matters
ROCKVILLE, Md. -- April 18, 2013
Institutional Shareholder Services Inc. (ISS), a leading provider of corporate
governance solutions to the global financial community, today announced that
it opened its ProxyExchange™ platform to third party research and data
providers in an effort to offer institutional clients a single gateway to
access multiple sources of governance research and information.
“Increasingly, institutional investors are using multiple informational inputs
into their corporate governance, proxy voting and investment decision-making
processes,” said Stephen Harvey, Head of the ISS Governance Business. “Our
clients have expressed a strong desire to seamlessly access all of their
needed governance content through a single platform. By leveraging our global
scope and advanced technology, ISS is able to seamlessly deliver desired
content from multiple providers through its ProxyExchange™ platform.”
Today, ISS began distributing executive compensation analysis from Farient
Information Services, an independent leading provider of pay and performance
alignment research and ratings. Later this month, proxy research and voting
recommendations from UK-based PIRC (Pensions Investment Research Consultants,
Ltd.) and from Germany’s IVOX, both independent research providers, will be
made available to their subscribers through ISS’ platform.
“Farient has developed a reputation for leadership in executive compensation
analysis through the view that driving convergence between investors and
corporations on pay and performance alignment is the best approach for all
involved,” said Robin Ferracone, Chief Executive Officer of Farient Advisors.
“Through our distribution arrangement with ISS, investors will be able to
conveniently access Farient’s Performance Alignment Reports (PARs), which
offer an alternative, independent point of view to proxy advisor pay for
performance research and recommendations.”
“PIRC has been a champion for good corporate governance for over 25 years,”
said Alan MacDougall, Managing Director of PIRC Ltd. “By distributing our
research through the ISS platform, we hope that more investors may consider
our analysis of companies, to inform their exercise of their stewardship
responsibilities. We are very happy to be working with ISS to provide
investors with a choice of governance research.”
This transformational step toward offering research choice and information
access through a single gateway is unprecedented in the proxy advisory
industry. Through ISS’ ProxyExchange platform, ISS will be in a position to
help enhance the communication between governance and investment professionals
across its client base of asset managers, pension funds and hedge funds.
“ISS believes in transparency and openness, and our clients appreciate the
access to other points of view,” said Gary Retelny, President of ISS. “We are
committed to offering added choice and convenience over time to our clients
globally and will be expanding the network of research and data providers
accessible through our gateway.”
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.
Farient, PIRC and IVOX are independent research providers and are not
affiliated with ISS. Research provided by these companies or any other third
party is produced solely by such party and are not produced, edited or
approved by ISS. ISS makes no representations or warranties with respect to
the quality, content or recommendations of such independent third party
research or publications. The views expressed in such third party research are
solely those of the research provider.
The Information has not been submitted to, nor received approval from, the
United States Securities and Exchange Commission or any other regulatory body.
None of the Information constitutes an offer to sell (or a solicitation of an
offer to buy), or a promotion or recommendation of, any security, financial
product or other investment vehicle or any trading strategy, and ISS does not
endorse, approve or otherwise express any opinion regarding any issuer,
securities, financial products or instruments or trading strategies.
The user of the Information assumes the entire risk of any use it may make or
permit to be made of the Information.
ISS MAKES NO EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS WITH RESPECT TO
THE INFORMATION AND EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES (INCLUDING,
WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF ORIGINALITY, ACCURACY,
TIMELINESS, NON-INFRINGEMENT, COMPLETENESS, MERCHANTABILITY AND FITNESS FOR A
PARTICULAR PURPOSE) WITH RESPECT TO ANY OF THE INFORMATION.
Without limiting any of the foregoing and to the maximum extent permitted by
law, in no event shall ISS have any liability regarding any of the Information
for any direct, indirect, special, punitive, consequential (including lost
profits) or any other damages even if notified of the possibility of such
damages. The foregoing shall not exclude or limit any liability that may not
by applicable law be excluded or limited.
ISS media contacts:
Cheryl Gustitus, 301-556-0395
Sarah Ball, +44 (0)207 618 2275
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