ISS Buys EVA Dimensions to Bolster Voting Advice for Investors
- EVA founded in ’06 by ex-management consultant Bennett Stewart
- Firm builds its services around ‘economic value added’ metric
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Institutional Shareholder Services Inc. acquired research firm EVA Dimensions LLC to strengthen the advice it gives investors before they vote at public-company meetings on matters including executive compensation and board appointments.
EVA’s services for measuring corporate performance will help “investment professionals to determine the intrinsic value or risk of portfolio companies,” ISS Chief Executive Officer Gary Retelny said Monday in an emailed statement announcing the deal. Terms weren’t disclosed.