If You're Waiting for ISS, It Might Be Too Late

Resources and Advisory Services

Recently I asked a friend how a current proxy contest was going. I hadn't followed it closely.

He replied, "Expecting ISS to weigh in any day now. I think the dissident slate has the votes, but you never know."

This troubles us a little. The dynamics in proxy contests suggests that if an investor needs a favorable opinion from ISS or Glass Lewis (GL) on a proxy vote, maybe it's already too late to win.

In a current blog post, we explain our thinking.

Recent TAI blog posts

When Did US R&D Investment Become Investors' Problem? (4/28/15)

UPDATE: An Insightful Comment on How Nelson Peltz Works (4/23/15 email)

How Nelson Peltz Works (4/21/15)

More Games, Strategy Committees Now Play (4/16/15 email)

Marc Andreessen Reminds Us Activist Investors Will Always Have Stuff to Do (4/14/15)

Superb Biglari Holdings Analysis (4/9/15 email)

Shareholder Activism: Are You Prepared? PwC Wants to Assess You (4/7/15)

You can find other useful resources at the TAI website, including our research on "Effective Activism", our new resource guides on attorneys for activist investors and on activist investing data sources, our white paper with the basics on activist investing, and our new guides on exempt solicitation, consent solicitation, and special shareholder meetings.

For further information, please contact:

Michael R. Levin
m.levin@theactivistinvestor.com
847.830.1479