On Tuesday, Attorney General Ken Paxton announced an investigation into Glass Lewis & Co. and Institutional Shareholder Services for potentially misleading institutional investors and public companies by issuing voting recommendations that advance radical political agendas rather than sound financial principles.

Glass Lewis and ISS collectively occupy more than 95 percent of the international market for proxy advisory services and provide services to shareholders and boards of large corporations to help them make investment decisions.

The two giants routinely issue proxy voting recommendations in conflict with the best financial interests of their fiduciaries.

According to Paxton, Glass Lewis and ISS instruct their proxies to generally vote for public companies making management decisions to implement DEI, gender-based hiring quotas, and aggressive climate activist policies.

More here

Tagged: Partner BACK TO HOMEPAGE