ISS To Direct RREV's Proxy Voting In NAPF's Absence

Under a newly announced ownership structure for RREV, Institutional Shareholder Services will become the sole owner of the RREV research and UK proxy voting service, allowing the National Association of Pension Funds to direct RREV at a distance. The ownership

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Under a newly announced ownership structure for RREV, Institutional Shareholder Services will become the sole owner of the RREV research and UK proxy voting service, allowing the National Association of Pension Funds to direct RREV at a distance.

The ownership shake-up will allow more flexibility in delivering RREV’s services to customers.

While both organizations maintain that the RREV will continue to operate as it always has, a long-term licensing agreement will ensure that the NAPF’s corporate governance policy will remain the only one used by RREV for its analysis of individual cases and its voting recommendations on UK companies.

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