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.

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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