Republican state officials question proxy advisers ISS, Glass Lewis over ESG

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Reuters

(Reuters) – Republican attorneys general from 21 U.S. states on Tuesday wrote to proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis, asking whether the companies’ voting recommendations on such issues as climate and boardroom diversity violated duties to clients. “Evidence regarding climate change advocacy and goals suggests potential violations of your contractual obligations and legal duties,” the attorneys from states including Texas and Utah said in their letter. They asked both firms by the end of January to answer questions such as how they determined “appropri…

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