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A joint 2018 Nasdaq/US Chamber (CCMC) (fourth annual) survey of 165 companies regarding their interactions with ISS and Glass Lewis revealed these - among other - key results:

• 92% of respondents had a proxy advisor recommendation in their proxy statement.
• Just 39% believed the proxy advisor carefully researched and took into account all relevant aspects of the particular issue on which it provided advice.
• 21% of companies formally requested previews of proxy advisor recommendations; only 44% of those reported that the advisor accommodated the request.
• 38% of companies asked proxy advisors for opportunities to provide input before and after the firm's recommendations were finalized. Those who requested the opportunity were commonly given 1 - 2 days to respond to the firm's recommendations.
• Of the 29% of companies that reached out to proxy advisors to meet and discuss issues subject to shareholder votes, requests were denied 57% of the time. Those who had meetings reported mixed results.
• 97% of companies reported being supportive of the Corporate Governance Reform and Transparency Act of 2017 (re: proxy advisor reforms).