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CALIFORNIA CORPORATE & SECURITIES LAW

Has ISS Moved From Advice To Advocacy?

Last November, I joined Professor Stephen Bainbridge (UCLA Law School) and James Copland (Director, Center for Legal Policy at the Manhattan Institute) in submitting this comment letter opposing ISS’ proposal to change its case-by-case approach to stockholder proposals with respect to disclosure of corporate political spending.  Much like Captain Louis Renault, I was “shocked, shocked” when ISS ignored our…

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