Institutional Shareholder Services

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Institutional Shareholder Services

A company that institutional investors use as their proxy in the annual meetings of publicly-traded companies in which institutional investors have shares. It advises institutional investors how to vote in these meetings and casts votes on their behalf. It provides these services in exchange for a fee. See also: Proxy firm.
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Institutional Shareholder Services (ISS)

A private organization that provides proxy voting and corporate governance services to institutional investors. The firm evaluates proxy proposals and makes voting recommendations to its clients. ISS was an important player in the proxy fight over Hewlett-Packard's proposed acquisition of Compaq.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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1 October 2013 -- New York-based corporate governance solutions provider Institutional Shareholder Services Inc said that it has hired Nancy Adler as head of marketing.
AirTran Airways Inc, a subsidiary of AirTran Holdings Inc (NYSE: AAI), has announced that Institutional Shareholder Services (ISS), an independent proxy advisory service, has recommended that shareholders of Midwest Air Group Inc (Amex: MEH) do not vote to re-elect any of Midwest's three directors.
"You could see the storm clouds gathering--it appeared to be increasingly impossible for the board to allow [Greenberg] to remain" as CEO, says Institutional Shareholder Services executive vice president Patrick McGurn.
Institutional Shareholder Services' Social Investment Research Service in Rockville, Md., reports that Baxter has a clean record.
Alexander's Holdings, announced that Institutional Shareholder Services has endorsed its case for change at J.
US-based proxy advisor Institutional Shareholder Services Inc is recommending that shareholders of US-based energy industry technology and infrastructure services provider CB and I (NYSE: CBI) vote in favour of the company's agreed deal to merge with Texas, US-based offshore and subsea oil and gas services provider McDermott International, Inc.
--Gary Retelny, president of Institutional Shareholder Services, one of the two biggest proxy advisory firms in the U.S.
Credit Suisse Group (NYSE: CS) (ZHR: CSGN) (CSGN.VX) has hired Chris Young, director of mergers and acquisitions and proxy-fight research at Institutional Shareholder Services, to lead the bank's takeover-defence practice Dow Jones has reported, citing a separate report by the New York Times on its DealBook blog.
Chris Young will remain director of mergers and acquisitions and proxy fight at the bank's Institutional Shareholder Services (ISS) until May.
Few observers are tracking the nexus between governance and shareholder issues more closely than Patrick McGurn, executive vice president and chief counsel at Institutional Shareholder Services (ISS).
Trying to increase attendance at governance programs is Institutional Shareholder Services (ISS), the largest proxy advisory firm in the United States.

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