The Investor Stewardship Group: An Inflection Point in U.S. Corporate Governance?

A potentially influential new organization of institutional investors has made its presence known in the U.S. corporate governance scene. On January 31, 2017, the Investor Stewardship Group (ISG), a “collective” of some of the largest U.S. and international investors, announced the launch of an ambitious program to establish a set of basic corporate governance principles for U.S. listed companies and a parallel set of stewardship principles for U.S. institutional investors. John Wilcox, Morrow Sodali Chairman, explores the reasons why this unprecedented event could be a turning point in the evolution of U.S. governance practice.