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.