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Top proxy advisor comes out against Mark Zuckerberg

Illustration: Rebecca Zisser/Axios

Institutional Shareholder Services has recommended that Facebook shareholders withhold support for five company directors, including Mark Zuckerberg and Sheryl Sandberg.

Why it matters: ISS is the country's largest and most influential shareholder advisory firm.

  • This comes shortly after Glass Lewis urged shareholders to reject three non-Zuck/Sandberg directors (including Marc Andreessen).
  • Both proxy advisors support adoption of management-opposed proposals related to risk and content management.
  • Facebook shares have fallen more than 2% so far this week.