Four states are suing proxy advisory firm Institutional Shareholder Services Inc. over what they’re describing as a political “agenda” that favors promoting environmental, social, and governance values.
Attorneys general of Iowa, Nebraska, Texas and West Virginia filed lawsuits Wednesday against the proxy advisory giant, adding to a string of state actions against the firm.
“ISS proxy advisors have directed clients to support management decisions that advance DEI mandates, gender-based hiring quotas, and aggressive climate activist policies,” Texas AG Ken Paxton’s office wrote in a statement. “Rather than providing objective guidance based on data, ISS has substituted ideological advocacy for ...
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