Deutsche Börse acquires leading proxy voting advisor ISS for €1.9 million. The rationale of the transaction relies on Deutsche Börse intention to become the future leading ESG player globally. SVI raises concerns about the lack of competition in the proxy voting advisory market, the increase in...
In November 2019, the Securities and Exchange Commission (SEC) voted a controversial proposal for more stringent scrutiny of proxy advisers, companies which support investors managing their votes at corporate meetings. The US financial regulator required proxy adviser to let listed companies’ management review proxy advisers’ recommendation before it...
As of July 24, 2017 Morningstar, a leading provider of independent investment research with heaquarters in Chicago, announced that it had acquired a 40% ownership stake in Sustainalythics. Nearly two years after partnering with Sustainalytics to develop ESG ratings of funds, Morningstar acquired the 40% stake...