NEW YORK/LONDON – FTSE Group and corporate governance group Institutional Shareholder Services (ISS) today launched the first phase of the joint FTSE ISS Corporate Governance Index (CGI) Series.
“FTSE and ISS have created this new series in response to investor demand for better and more accessible tools to help assess and manage the impact corporate governance practices may have on investment portfolios”, the groups said in a joint statement.
FTSE and ISS claim corporate governance information is increasingly used by investors and companies as a means to mitigate risk and enhance value.
The new series contains a group of six equity indexes, with a corporate governance overlay. It includes companies from a universe of 2,300 constituent companies from 24 developed markets.
Mark Makepeace, chief executive of FTSE Group, said the new series meant “an important first step in creating an accessible framework to assess corporate governance risk within international portfolios.”
John Connolly, chief executive of ISS said: “Our rating system was designed specifically to help investment managers asses the impact corporate governance practices may have on portfolio performance. By adopting an evolutionary and collaborative approach to the FTSE ISS CGI Series we are confident that we can deliver a valuable tool to investors worldwide.”
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