November 16, 2022
ISS Launces “Vote Preference” Solution
ISS has announced the launch of Vote Preference, which is a suite of flexible solutions enabling asset managers to offer voting choices directly to their underlying clients. The announcement notes:
ISS Vote Preference allows asset managers to offer their clients multiple ISS policy choices including Benchmark, Sustainability, Taft Hartley, SRI, Public Fund, Board Aligned, Faith-Based, as well as custom voting policies, with ISS vote aggregation and split vote management execution capabilities, leveraging ISS ProxyExchange and API technology. ISS also offers asset managers additional collaboration tools through ISS Communicator which can be tailored to the individual needs of their Vote Preference programs. ISS’ Vote Preference holdings solution allows asset managers to easily automate the display and vote execution of their underlying clients’ respective share percentages and provides a full audit trail of communications and vote history, ensuring accurate and timely record-keeping and reporting.
ISS notes that the new solution is offered in response to the trend that a growing number of asset managers’ underlying clients are seeking greater control over their voting decisions.
– Dave Lynn