In 2007, Institutional Shareholders Services (ISS) was the largest company in the proxy advisory in the world, with more than 1,700 corporate clients managing an estimated $ 25 trillion of securities. ISS proxy advisory services have been designed to give shareholders more influence over the management and oversight of the companies they invested in. Over time more and more of the ISS was in a central position as the authoritative voice in the debate over the rights of shareholders. The position was profitable for the company. Critics, however, wonder whether the position of the ISS important issues were the correct position and whether it was useful to have a single organization of such an impact on closely contested contests proxy. "Hide
by David F. Larcker, Brian Tayan Source: Stanford Graduate School of Business 17 pages. Publication Date: October 15, 2007. Prod. #: CG07-PDF-ENG
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