Interesting ISS survey of investors and issuers on governance
In October, Institutional Shareholder Services Inc. (ISS), who I would call an activist investor group, published the results of a global survey of investor groups and issuers. You can access the document here.
The results are interesting, in part because ISS has broken out responses by geographical region.
Some of the points I found interesting include the following. Note the last one:
- Risk oversight was the most commonly cited priority. About 2/3 of issuers had it as a priority, compared to less than half of investors
- Board independence ranked top in every region
- Executive compensation rated higher in North America than anywhere else. Curiously, European investors rated it quite highly, markedly higher than European issuers (a gap to watch)
- Audit-related practices is an issue of concern for issuers outside North America
- Board competence is a universal worry, with the same level of concern from investors as from issuers
I would recommend reading the entire report, as there is something here for everybody.
What do you find interesting?