Shareholder Adviser ISS Kills Diversity Criteria for Boards (1)

Institutional Shareholder Services, which advises investors on how to vote in company meetings, will stop considering diversity as a factor for US corporate boards, citing anti-DEI orders from President Donald Trump.

“ISS will no longer consider the gender and racial and/or ethnic diversity of a company’s board when making vote recommendations with respect to the election or re-election of directors at US companies,” the proxy adviser said in a statement on its website Tuesday. The new guidelines will apply to recommendations published on or after Feb. 25.

The decision comes as companies, including Alphabet Inc.’s Google unit and Goldman ...