Institutional Shareholder Services’ retreat on DEI follows decisions by BlackRock and Vanguard to deemphasize the issue.
A powerful shareholder-advisory firm that for years has pressured companies to increase the representation of women and minorities on their boards is abandoning that effort.
Institutional Shareholder Services “will no longer consider the gender or racial and/or ethnic diversity of a company’s board when making vote recommendations with respect to the election or re-election of directors at U.S. companies,” ISS announced this week.
