QuickScore 3.0 to Assist Investors in Identifying Corporate Governance Risk within Portfolio Companies
Rockville, MD (October 29, 2014) – Institutional Shareholder Services Inc. (ISS), a leading provider of corporate governance solutions to the global financial community, today launched QuickScore 3.0, a state-of-the-art global corporate governance scoring solution for institutional investors.
At its core, QuickScore 3.0 is designed to help investors identify and measure corporate governance risk across portfolio companies. Like previous versions, QuickScore 3.0 provides a score for each company in its coverage universe that measures the company’s level of corporate governance risk both overall and based on four broad pillars: board structure, compensation/remuneration, shareholder rights, and audit & risk oversight.
Importantly, QuickScore 3.0 subscribers have the ability to access and analyze the underlying data from which the scores are generated, allowing them to screen portfolio companies against hundreds of corporate governance factors or perform detailed side by side comparisons of two or more companies’ data profiles.
Key updates to QuickScore 3.0, include:
- Coverage expansion to 4,500 companies in 30 markets with deeper coverage in European companies in the STOXX 600 and emerging market coverage for Brazil, Russia, South Africa, and the roll out of India, China and South Korea beginning in Q1 2015.
- Methodology enhancements, including those for the U.S. covering the disclosure of annual performance evaluations for the board, the presence of a controlling shareholder, a material degradation to the rights of shareholders, the existence of a sunset provision for companies with unequal voting rights, and the weighting of board gender diversity.
- Where applicable, the audit and risk oversight pillar incorporates a deeper dive view of investigations (U.S.) and enforcement actions (globally), including reviewing the type of regulatory investigation and the materiality of penalties or resolutions to such cases.
- Company report enhancements to reflect the inclusion of historical scores, a log of data changes, and trending analysis as reflected by directional icons showing improvements, degradation, or static governance practices.
“The latest generation of QuickScore underscores ISS’ commitment to continual innovation in meeting the governance data and reporting needs of our clients,” said Marija Kramer, ISS’ Head of Product Development. “QuickScore 3.0 provides broader and deeper portfolio coverage that, critically, is underpinned by a methodology reflecting the latest in global best practices.”
For further information on QuickScore 3.0, please visit this link.
