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SEC Demands ISS Voting Data

6 Sep

Summary

SEC seeks court order to compel ISS data.
Probe focuses on proxy advisory firm's client voting.
ISS has faced scrutiny over its influence and advice.

The Securities and Exchange Commission (SEC) is seeking a federal court order to compel Institutional Shareholder Services Inc. (ISS) to provide detailed client-level voting data. This demand is a component of the agency's ongoing investigation into the proxy advisory firm.

ISS, a significant player in corporate governance, advises institutional investors on how to vote on various shareholder proposals. The firm has previously faced scrutiny regarding its influence and the methodology behind its recommendations. The SEC's request highlights increased regulatory attention on proxy advisory services.

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