Proxy firms may feel pinch under DOL proposal
Institutional Shareholder Services Inc., the nation's largest proxy advisory firm, could be forced to revise its business plan if the Labor Department adopts a proposal to expand the definition of “fiduciary.”
ISS, a registered investment adviser with the Securities and Exchange Commission, also provides corporate-governance consulting services through its wholly owned ISS Corporate Services Inc. ISS' consulting services could be interpreted under the proposed regulation to be in conflict with the proxy a
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