ROCKVILLE, Md. (April 13, 2021) — Institutional Shareholder Services Inc. (ISS), the leading provider of corporate governance and responsible investment solutions, today announced the codification and publication of a policy on non-interference and management of potential conflicts of interest as it relates to Deutsche Börse’s majority ownership of ISS. The policy establishes appropriate standards and procedures to protect the integrity and independence of the research, recommendations, ratings, and other analytical offerings (collectively, “research offerings”) produced by ISS.
At its core, the policy provides that neither Deutsche Börse nor its employees may participate in, seek to influence, or have any role in the formulation, development, and application of the policy guidelines, methodologies, and standards underlying ISS’ research offerings and affirms that they will not receive or be provided with access to copies of, or the analyses and conclusions contained in, any of the research offerings of ISS prior to publication to ISS clients.
In keeping with its commitment to provide full coverage of clients’ portfolios and given the strong protections afforded by this policy, ISS has determined it is appropriate to provide for coverage of Deutsche Börse (DB), in its capacity as a publicly traded company, across relevant research offerings. ISS will also provide for coverage across its research offerings of “DB Affiliated Companies” as defined within the policy.
“ISS is implementing this policy in keeping with its abiding commitment to conduct business with the highest degree of ethics, integrity, and transparency,” said Steven Friedman, ISS General Counsel. “Through robust disclosures and strong conflict-of-interest mitigation procedures, ISS will ensure clients are informed of any potential for conflicts and that its coverage of Deutsche Börse and its affiliated companies is done independently and objectively.”
To download ISS’ Policy on Non-Interference and Potential Conflicts of Interest Related to Deutsche Börse, please click here.