ISS and Deutsche Börse: unlikely bedfellows?

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By Jasper Cox
19 Nov 2020

In the US, stock exchanges have clashed with proxy advisers. Now, those exchanges' German peer Deutsche Börse has bought a majority stake in one of the major advisers, ISS — but says it will ensure the latter's independence.

Deutsche Börse operates across the realms of indices, market data provision, stock exchanges, clearing and settlement. Now it will own an influential proxy adviser and ESG research firm that has grown rapidly in recent years. This is an interesting combination, as exchanges and proxy advisers have not ...

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