Share |

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

thumb

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

thumb

UPDATE: Investigation of letters with suspicious white powder                                                 ... [More]

SPECIAL: Search continues for missing Parsons man

thumb

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]

More State

NEWS

Commissioners set parameters for P and Z to work on Section 14

thumb

During the weekly meeting of the Linn County Commissioners on Monday, Dec. 4, Rich Morrell and Charlene Sims with the Linn County Planning Commission each addressed the commissioners in regard to the moratorium and the request to create a committee to work on Section 14. ... [More]

Bond sale garners 5.03 percent rate

thumb

Linn County Clerk David Lamb presented the commissioners with documents to be signed by the commission chair during their weekly meeting on Monday, Dec. 4, in regard to the bond sale last Wednesday to refinance a portion of the original bond for the jail project.  Lamb... [More]

Burial permits reach conclusion, approval

thumb

Linn County Public Works Director Shaun West noted he had reached out to the fiber installers south of the power plant in reference to questions the commissioners had concerning undone road work. West stated he learned the connection comes into the project from the west and moves... [More]

More News

COMMUNITY

Blu Jay Winter Clothing Exchange set for Dec. 9

thumb

USD 344 will host the first ever Blu Jay Winter Clothing Exchange on Saturday, Dec. 9 from 8 a.m. to 4 p.m. at the Ernie Price Annex located at 309 W. 13th Street. The clothing exchange is open to anyone in need of warm winter clothes, not just USD 344 families. Those who... [More]

Maynerd’s owners start Feed Linn County initiative

thumb

Raymond and Melayna Johnson, who own and operate Maynerd’s Food Truck and 517 Vintage in Mound City, have begun an initiative to help provide food for Linn County families in need. “We just know that so many are struggling right now and if everyone would give just... [More]

Hope for Heroes: Aiding veterans in Southeast Kansas

thumb

Southeast Kansas Mental Health Centers Mental Health First Aid Department has partnered with the Veteran Access Support Team (VAST) to support Veterans in southeast Kansas. Their goal is to create 100 backpacks filled with essential items that will be distributed among the veterans... [More]

More Community

View Legals for Free Business Directory
PLEASANTON WEATHER