Institutional holders tend to vote along the direction recommended by ISS or Glass-Lewis.
Those recommendations do generally follow Board recommendations on strategic topics, but frequently diverge from the board on matters of employee and executive pay (approving increases to share/option pools, etc.)
Those recommendations do generally follow Board recommendations on strategic topics, but frequently diverge from the board on matters of employee and executive pay (approving increases to share/option pools, etc.)
https://en.m.wikipedia.org/wiki/Institutional_Shareholder_Se...