Corporate Profile for Institutional Shareholder Services, dated Sept. 20, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0- Published Date: Sept. 20, 1996 Company Name: Institutional Shareholder Services
Address: 7200 Wisconsin Ave., Suite 1001
Bethesda, MD 20814
Main Telephone Number: 301/718-2255 Chief Executive Officer: James E. Heard Public Relations Contact: Marcy J. Markowitz Business number: 301/215-9507 URL/email address: http://www.cda.com Industry: proxy advisory and voting-0- Company description: Institutional Shareholder Services (ISS ISS See Institutional Shareholder Services (ISS). ) is the world's leading provider of proxy advisory, research and voting agent services. Its products help institutional investors -- pension plans, investment managers and bank trust departments -- comply with their proxy voting Proxy voting is the delegation to another member of a voting body of that member's power to vote in his absence. It is essentially synonymous to delegated voting. Proxy voting is commonly used in corporations for voting by members or shareholders, because it allows members fiduciary obligations, as defined by the U.S. Department of Labor. Together with its global partners, ISS currently serves close to 400 leading institutional investors in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and around the world, as well as a growing number of corporate clients. Founded in 1985, ISS is now a part of CDA (1) (Compact Disc Audio) The compact disc file extension that is seen on the computer in Explorer or some other file manager. CDA files are actually pointers to the locations of the individual tracks on the CD medium. See CD-DA. Investment Technologies, a division of Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings Services. Products: U.S./Global Proxy Advisory Service(SM): The Proxy Advisory Service provides written proxy analyses and vote recommendations for annual and special meetings of approximately 7,000 U.S. companies and 3,000 companies in 40 non-U.S. markets. Analyses are customized to each client's portfolio and delivered through ISS's proprietary electronic delivery service, ProxyMaster(SM). In addition to the analyses, key components of the Proxy Advisory Service are: The ISS Proxy Voting Manual(SM) ISSueAlert newsletter Global Proxy Voting Guidelines Other special reports and publications dealing with important shareholder issues. -- U.S./Global Voting Agent Service(SM): The Voting Agent Service provides institutional investors a turn-key, cost-effective solution to proxy voting problems without their having to relinquish control over voting policies and decisions. As Voting Agent, ISS exercises delegated voting Delegated Voting is a proposed solution to the problem of how to combine expertise with grassroot influence in democracy. In classical democracy professional decision makers surround themselves with experts, in order to be able to make more competent decisions. authority for each portfolio assigned, ensuring that all proxy cards and consent forms are obtained and voted on time. -- Global Meeting Notice Service(SM): The GMNS is for Corporate Action and Global Securities centers of global custody banks who want to supplement notices provided by their sub-custodians. -- ProxyReporter(SM): ProxyReporter is a monitoring tool for plan sponsors who delegate voting authority to their investment managers. -- ProxyRecord(SM): ProxyRecord allows clients to record why, when and how they voted each of their proxies. Corporate Consulting Services: ISS's Corporate Consulting Services assist companies in understanding the policies and practices of institutional shareholders on a range of key proxy and corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. issues. Users and uses: Typical users of ISS's services and products are investment/portfolio managers, public/corporate/union plan sponsors, analysts, custodian banks and master trust banks. Other users are investor relations Investor relations The process by which the corporation communicates with its investors. staff, corporate secretaries, solicitors and law firms. Coverage: ISS provides written proxy and analyses and vote recommendations for annual and special meetings of approximately 7,000 U.S. companies and 3,000 companies in 40 non-U.S. markets. Staff: ISS's staff of over 100 employees includes specialists in the full range of corporate governance, proxy and executive compensation issues, as well as materials procurement, data management, client services, sales and marketing, technology and finance and administration. Fee: Pricing is customized, and is based on the specific mix of services provided, along with the number of companies covered. CONTACT: Institutional Shareholder Services |
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