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MSCI Puts ISS on Block Amid Proxy Firm Headwinds

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The Wall Street Journal
Professor Reena Aggarwal of Georgetown University’s McDonough School of Business said in an interview her research shows that institutional investors value their votes enough to give up lending revenue in order to recall the shares, especially in situations where governance is weak, or there are important issues such as mergers and acquisitions on the ballot. “They obviously consider it important to vote and are putting in the effort to do this,” she said.