Institutional Shareholder Services Inc. (ISS), a leading provider of proxy advisory, corporate governance and responsible investment solutions to financial market participants, today announced the acquisition of iiWisdom’s business of providing interactive governance solutions which build connectivity between public companies and their institutional investors.
iiWisdom’s interactive governance platform transforms company proxy and governance data into sophisticated communications solutions. Investors are able to seamlessly access proxy information, understand a company’s perspective and review company data in a well-presented and easy to navigate online text and data visualization. The iiWisdom central portal provides both institutional and individual investors with efficient, one-click access to the governance information of participating public companies.
“We are delighted to pass the baton to ISS and are confident they will continue to provide state of the art communications solutions to iiWisdom clients,” said David Weil, Founder and CEO of iiWisdom.
In addition to offering interactive proxy statements to companies through its subsidiary, ISS Corporate Solutions Inc., ISS intends to further develop the iiWisdom offerings to include the provision of thought leadership on important global governance and responsible investment topics. According to Stephen Harvey, Chief Operating Officer of ISS, “Proxy reports are an increasingly important tool for communicating company governance practices and fostering dialogue. The provision of these reports in a format consistent with investor workflows allows for better communication between companies and their institutional investors and fits naturally into our mission to provide high quality interactive data aimed at facilitating dialogue and empowering investors in their decision making.”
About ISS
Founded in 1985 as Institutional Shareholder Services Inc., (ISS) is the world’s leading provider of corporate governance and responsible investment (RI) solutions for asset owners, asset managers, hedge funds, and asset service providers. ISS’ solutions include: objective governance research and recommendations; responsible investment data, analytics, and research; end-to-end proxy voting and distribution solutions; turnkey securities class-action claims management (provided by Securities Class Action Services, LLC); and reliable global governance data and modeling tools. Clients rely on ISS’ expertise to help them make informed corporate governance decisions. For more information, please visit www.issgovernance.com
About ISS Corporate Solutions
ISS Corporate Solutions, Inc. (“ICS”) understands corporate governance. Since 1997, companies have leveraged ICS expertise in executive compensation, governance ratings, capital structure, sustainability, voting trends and corporate governance research to build shareholder value through strong governance programs. Our global client base extends to companies located across North America, Europe and Asia. ICS partners with compensation consultants, law firms, and solicitors to help companies with their corporate governance needs, including to model executive compensation, review shareholder rights plans, and analyze changes in capital structure. ICS is a wholly owned subsidiary of Institutional Shareholder Services Inc. (“ISS”) and is headquartered in Rockville, Maryland. ISS’ Global Research Department, which is separate from ICS, will not give preferential treatment to, and is under no obligation to support, any proxy proposal of a company (whether or not that company has purchased products or services from ICS). No statement from an employee of ICS should be construed as a guarantee that ISS will recommend that is clients vote in favor of any particular proxy proposal. For more information, please visit www.isscorporatesolutions.com.
