New York – September 15, 2011 – MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, announced today that Gary Retelny, a member of MSCI's Executive Committee, has been appointed President of Institutional Shareholder Services Inc. (ISS), the leading provider of corporate governance solutions to the global financial community and a subsidiary of MSCI Inc.
During the informative webinar lead by Luke Green, Head of Securities Class Action Services Research, the Converium decision was discussed along with the broader implications for global asset recovery.
As outlined in our case brief, the Converium decision in the Netherlands has been gaining global interest as it marks the first time that a European court has approved a class action settlement on an opt-out basis (U.S. style) regarding the securities of a company not based in the Netherlands, whose securities were traded on a foreign exchange, and where the class included few Dutch residents. The settlement, worth an estimated $58.4 million, presents a notable opportunity for asset recovery in its own right. Significantly, it may also demonstrate that investors have legal recourse in Europe even if they are left out in the cold by the changing legal landscape in the United States.
BOSTON – January 25, 2012 – eSecLending, a leading global securities lending agent, announced today that it has launched a new service called ProxyValue™, designed to help institutional investors maximize income generated from the lending of securities while ensuring proxy voting fiduciary duties are met.
This report highlights trends identified during the second half of 2011 with many companies continuing to adapt to the new legislative environment introduced by the Companies Act 2008, which finally came into force in May and the King III code of best practice.
Investor feedback on the issue of pay-for-performance has indicated a preference for putting the focus on long-term alignment, board decision-making, and pay relative both to market peers and to absolute shareholder returns. As a result, ISS is unveiling a new approach to evaluating pay-for-performance in 2012 for U.S. companies. It comprises an initial quantitative assessment and, as appropriate, an in-depth qualitative review to determine either the likely cause of a perceived long-term disconnect between pay and performance, or factors that mitigate the initial assessment.
Rockville, MD – December 8, 2011 – Institutional Shareholder Services Inc. (ISS), a leading provider of corporate governance solutions to the global financial community, today named Yovanka Bylander as its new Head of Securities Class Action Services. ISS’ Securities Class Action Services business serves more than 300 institutional investment clients, leveraging its large collection of securities litigation case data and its robust claims filing operation to maximize investors’ class action recoveries.
December 6, 2:30 PM GMT, 3:30 PM CET and December 7, 11:00 AM EST
As you prepare for the 2012 proxy season, please join ISS for replays of two informative webinars on the updates to ISS' benchmark proxy voting policies for Europe, the United States and Canada. ISS experts also provided a preview of the key issues institutional investors and issuers will face in the coming year.
Rockville, MD - November 17, 2011 – Institutional Shareholder Services Inc. (ISS), a leading provider of corporate governance solutions to the global financial community, today released 2012 updates to its U.S., Canadian, European, and international benchmark proxy voting guidelines.
