Shareholder/Investor Resources
The following shareholder and investor sources provide information that may be relevant to audit committees:
Institutional Shareholder Services (ISS)
http://www.issproxy.com/
Institutional
Shareholder Services (ISS) provides proxy voting and corporate governance
services to institutional shareholders.Under new proxy voting policies, ISS calls for the rotation of audit
firms, going beyond the Sarbanes-Oxley Act, which requires companies to rotate
the senior audit partner every five years.
ISS also recommends that investors vote against auditors and abstain
voting for audit committee members when fees for non-audit fees appear
excessive. In addition, ISS said it will
support shareholder resolutions to expense stock options and those that call of
boards to be at least two-thirds independent.
Glass Lewis & Co.
http://www.glasslewis.com
Glass, Lewis & Co. is an independent research firm focused on identifying business, legal, governance and financial statement risks at public companies for institutional investors.
CalPERS Corporate Governance Web Site
http://www.calpers-governance.org/forumhome.asp
A
forum of materials relating to the corporate governance goals of CalPERS.
TIAA-CREF Corporate Governance Web Site
http://www.tiaa-cref.org/siteline/siteline_2_118_16441.html
Includes
the TIAA-CREF statement on corporate governance and other materials relating to
corporate governance goals.
Corporate Governance Web Site
http://www.corpgov.net/
This
site provides news, internet links and a small reference library for activist
shareholders.
Council of Institutional Investors
http://www.cii.org
The
Council of Institutional Investors is an organization of large public, labor
funds and corporate pension funds which seeks to address investment issues that
affect the size or security of plan assets