RiskMetrics faces critics on Wednesday
The Wall Street Journal runs an excellent profile today on corporate governance problems at (gasp!) RiskMetrics Group.
RiskMetrics, as owner ISS Governance Services, makes a living by proclaiming good corporate governance standards. Too bad the company doesn’t live up to its own advice.
This Wednesday, shareholders will have a chance to attend the company’s first annual shareholder meeting since its IPO in January. Hot on the plate are two shareholder grievances… RiskMetrics has one individual serving as both CEO and Chairman (note to RiskMetrics: you routinely call this inappropriate), and its top officers receive annual bonuses on subjective factors (another note to RiskMetrics: you have Metrics in your name - use them on yourself!).
Such poor behavior by the industry standard bearer leaves many dismayed if there is any hope at all for improving governance standards.
For The WSJ article, click here.
