Statement from ISS President & CEO, Gary Retelny, on Proposed SEC Rule Amendments to Proxy Rules Governing Proxy Voting Advice

ROCKVILLE, Md. (November 18, 2021) “We applaud the SEC for a proposal which removes some of the problematic aspects of the Commission’s 2020 proxy advice rulemaking in direct response to some of the concerns of the investment community,” said ISS President & CEO, Gary Retelny. “The Commission’s actions to help ensure that the investors they are tasked to protect receive timely and unbiased research and voting advice is commendable and we encourage investors to make their voice heard during the forthcoming comment period. While a significant step in the right direction for those who champion shareholder rights, we do believe the scope of the amendments should have gone further and look forward to engaging with the Commission on ensuring the provision of proxy advice remains independent and unfettered.”