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Corporate Social Responsibility
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9.17.2004 ET
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Institutional Shareholder Services Global Corporate Governance Quotient Now on FactSet
Corporate Governance Data Plays Critical Role in Fundamental Analysis
(CSRwire) ROCKVILLE, MD - Institutional Shareholder Services (ISS), the
leading provider of corporate governance data services, and FactSet
Research Systems Inc. (NYSE: FDS), announced today that the ISS Global
Corporate Governance Quotient (CGQ) database is now accessible to
investment analysts through FactSet DIRECTIONS.
Institutional investors and investment banking professionals have
benefited from utilizing CGQ via FactSet since May 2003. The addition of
the ISS Global Corporate Governance Quotient will give global investors
access to a tool to analyze and benchmark the corporate governance
practices of companies in major capital markets throughout the world.
Initially launched in June 2002, many of the world's largest and
most-respected financial institutions have incorporated ISS' CGQ data and
ratings into various aspects of their operations, leveraging the objective
and independent nature of the ratings to enhance their research discipline.
Analysts, portfolio managers and bankers are using CGQ worldwide as a tool
in equity and credit research, to perform risk analysis, manage
portfolios, conduct due diligence and support buy/sell decisions.
CGQ is the most comprehensive corporate governance database in the
industry, designed specifically for investors and covering more than 7500
companies. Global CGQ on FactSet includes data and ratings on 2,000
companies in 23 countries including all the constituents of the MSCI EAFE
Index as well as the Canadian S&P/TSX Composite Index. Together with the
U.S. CGQ database, which includes 5,500 companies, ISS provides corporate
governance analysis on over 7,500 companies, all available to FactSet
users. Currently, ISS is populating all the companies in the FTSE Indices,
which will extend our coverage to approximately 10,000 companies including
coverage for emerging markets.
Global CGQ scores are weighted across 55 variables and calculated on the
basis of eight core categories: 1) board of directors, 2) audit, 3)
charter and by law provisions, 4) takeover practices, 5) executive and
director compensation, 6) progressive practices, 7) ownership, and 8)
director education. "With corporate governance issues extending into
global markets, global corporate governance data has become an important
component in fundamental and quantitative analysis," said Robert Magri,
FactSet Vice President and Director of Content and Strategic Partnerships.
"Broadening FactSet's relationship with ISS to include the Global CGQ
database is consistent with our commitment to offering high quality global
content to our clients."
"A large percentage of the ISS client base invests globally and have found
it critical to include corporate governance factors in their investment and
research disciplines," said Dan Concannon, executive vice president of ISS.
"By expanding our relationship with FactSet to include Global CGQ, our
clients have the ability to incorporate our data into their analytical
processes."
ISS will host a "Global CGQ on FactSet" webcast on September 23rd at
2:00pm eastern. Register for the webcast today at www.issproxy.com/factset.
About Institutional Shareholder Services
ISS is the world's leading provider of proxy voting and corporate
governance services. ISS provides proxy research, vote recommendations and
governance data and advisory services to financial institutions worldwide.
Founded in 1985, ISS is headquartered in Maryland and has offices in New
York, London, Toronto, Tokyo, Manila and Chicago.
About FactSet Research Systems Inc.
FactSet Research Systems Inc. is a leading provider of global financial
and economic information, including fundamental data on tens of thousands
of companies worldwide. Combining more than 200 databases into its own
dedicated online service, the Company also provides the tools to download,
combine and manipulate the data for investment analysis. The Company,
headquartered in Norwalk, Connecticut, was formed in 1978 and now conducts
operations along with its affiliates from over twenty-two locations
worldwide, including Boston, New York, Chicago, San Mateo, London,
Frankfurt, Paris, Tokyo, Hong Kong and Sydney.
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