TOPEKA – (Jan. 17, 2023) – Kansas Attorney General Kris Kobach today joined a 21-state coalition that is challenging the ESG practices of two proxy advisory companies, International Shareholder Services, Inc. (“ISS”) and Glass, Lewis & Co.
Kobach and the other attorneys general specifically take issue with how ESG considerations affect ISS and Glass Lewis’s proxy voting recommendations that conflict with the financial interests of their clients.
“These proxy advisory companies and their ESG driven agenda threaten the hard-earned pensions of generations of Kansas workers,” Kobach said. “Those pension funds must be invested to maximize their return, not to advance any particular political agenda.”
Both ISS and Glass Lewis support the priorities established by an international group of financial institutions committed to aligning their lending and investment portfolios with net-zero emissions by 2050. By letting net-zero inform their proxy advice, ISS and Glass Lewis are abandoning their fiduciary duties to their clients, including Kansans, and adopting the radical environmental agenda that experts predict are not possible.
Additionally, ISS and Glass Lewis have also pledged to recommend votes against certain directors on boards that they view as having insufficient racial, ethnic or sex-based diversity under arbitrary quotas they established.
The letter states, “your actions may threaten the economic value of our States’ and citizens’ investments and pensions—interests that may not be subordinated to your social and environmental beliefs, or those of your other clients.”
Kobach and his colleagues seek information and assurances from ISS and Glass Lewis that they will uphold their legal obligations in performing proxy advisory services.
STATE
Two subjects arrested and fentanyl seized in Pittsburg
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CRAWFORD COUNTY – The Joint Fentanyl Impact Team (JFIT), made up of the Kansas Bureau of Investigation (KBI), the Kansas Highway Patrol (KHP), and Homeland Security Investigations, along with the Crawford County Sheriff’s Office, Pittsburg Police Department,... [More]
UPDATE: Investigation of letters with suspicious white powder
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UPDATE: Investigation of letters with suspicious white powder ... [More]
SPECIAL: Search continues for missing Parsons man
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UPDATE: Body of missing Parsons man located and two arrested NEOSHO COUNTY _ The Kansas Bureau of Investigation (KBI), the Labette County Sheriff’s Office, and the Neosho County Sheriff’s Office located the body of missing 23-year-old Dakota A.... [More]
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- Treasurer Steven Johnson marks National Unclaimed Property Day
NEWS
Commissioners discuss adding new position
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During the course of the July 22 meeting the commissioners and Public Works Administrator Shaun West discussed the possibility of adding a position of County Administrator. The discussion began with West noting that the Road and Bridge budget would be dependent on whether or... [More]
Work progresses on USD 362 daycare
Facility will carry the name of ‘Little Buffs’ Daycare Work to renovate Unified School District 362’s former bus barn into a preschool child daycare facility continues to progress toward a goal of being ready when classes begin next month. Financial... [More]
Political forum scheduled for Thursday
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The 2024 Primary Election is scheduled Tuesday, Aug. 6, and with that the Linn County News Political Primary Forum is scheduled for Thursday, July 25 at 6 p.m. The forum will feature local candidates, state and national candidates or their representatives. It will be held at... [More]
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- USD 346 accepts donations, bids Farm-to-Plate initiative
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COMMUNITY
Together Linn County holding school supply drive in effort to help teachers
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Together Linn County has organized a school supply drive in an effort to help teachers acquire what they need to start their academic year next month. The organization is hoping to acquire enough in donations of supplies to provide a bag of supplies for every Pre-K through... [More]
Cole Fired: Local band becoming popular
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Last year as part of his fair entries, Cole Holler, a recent graduate of Prairie View High School, signed up for the Performing Arts portion of events and performed ‘Get Rhythm’ as he played guitar as his only accompaniment. Following that performance, one of the... [More]
Mine Creek Amateur Radio Club participates in ARRL Field Day
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On Saturday, June 22 amateur radio clubs across north America participated in the ARRL (American Radio Relay League) Field Day event which helps ready short-wave radio operators for a disaster event and gives them training in reaching out via radio. The event is always held on... [More]
More Community
- Local author published in sixth consecutive compilation
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- Mound City couple builds HVAC and party bus services
- Youth Track meet organized for April 27
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