A coalition of more than 100 conservative asset managers has penned a letter to proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis, which together represent an estimated 97 percent of the proxy voting industry, asking them to stop pushing a leftwing agenda in shareholder votes.
The letter charges that ISS and Glass Lewis “leverage their monopoly positions to support politicized shareholder proposals on topics like so-called diversity, equity, and inclusion, climate change, and abortion—all while opposing shareholder proposals that ask firms to stop pushing divisive political agendas.”
