iiWisdom Launches New Platform to Enable Scalable Investor to Board Engagement
Firm looks to improve corporate governance through direct, efficient and effective communication between investors and boards
SAN FRANCISCO--(BUSINESS WIRE)--iiWisdom, the hub for institutional investor feedback to Boards of Directors, today launched a new platform designed to make providing investor-to-board feedback on important corporate governance matters easy, efficient and effective. The firm’s goal is to improve corporate governance by allowing more investors to provide input to more boards than is possible through today’s resource-intensive and high cost issuer engagement methods.
“Engagement between investors and their portfolio companies has increased exponentially in the last couple of years, but so have the time and the cost”
Through its web-based platform, iiWisdom aggregates feedback on key corporate governance topics from a broad group of institutional investors and provides measurable, actionable data and analytics to company directors, allowing them to be more informed about investors’ views and to consider those views in boardroom decision-making.
“Engagement between investors and their portfolio companies has increased exponentially in the last couple of years, but so have the time and the cost,” said David Weil, Founder and CEO of iiWisdom. “The current practices are often effective but, given the trend toward increased issuer engagement, both corporate directors and institutional investors need a means to engage in a more scalable manner. iiWisdom’s platform enhances and expands the process by delivering the investment community’s perspective all at once, with measurable peer benchmarking.”
Input topics include board composition and structure, risk management and oversight, company strategy, executive compensation, sustainability, human capital management and other areas of board responsibility. Investor input is provided through an easy to use survey tool. Closed-end questions allow for meaningful quantitative analysis of shareholder alignment, while investors also have the ability to provide open-ended feedback to boards, or to request a call or meeting with a director.
Formed through a collaborative effort with asset owners, asset managers and corporate issuers, iiWisdom’s initial coverage universe includes 50 of the largest U.S. public companies. Following the investor input period, which opens today and runs through the Fall, iiWisdom compiles the survey data and delivers Collective Wisdom Reports directly to boards. For each topic, companies see aggregated results, segmented responses, specific written comments and benchmarked data relative to peers. While companies are told which firms participated, all responses are aggregated and no comment is identified unless expressly directed by that investor.
“We believe that all investors should have the ability and opportunity to be heard on critical governance matters and are pleased to support iiWisdom," said BlackRock Managing Director and Head of Corporate Governance, Michelle Edkins. "We, along with other long term shareholders, have a duty to help companies create long term value.”
iiWisdom provides an independent platform for investors to communicate directly with corporate boards. Our mission is to provide boards with the collective wisdom of their institutional shareholders. By working with our global network of institutional investors to provide constructive, meaningful input on critical corporate governance matters, we help directors make more informed decisions by understanding the perspectives of investors. We ensure that investors get their view heard in the boardroom and we measure the alignment between boards and their shareholders. For more information please visit www.iiwisdom.com.