As Chairman of the National Security Subcommittee, CFIUS and its screening authorities grabbed my attention. Foreign investments that could threaten our national security are supposed to get scrutiny. In the case of ISS and Glass Lewis, both foreign owned companies with an extremely outsized impact on proxy voting in our capital markets, haven't been subjected to CFIUS review. ISS, founded in the United States back in 1985, is now majority owned by Germany's Deutsche Borsch Group, the powerhouse behind Frankfurt's stock exchange. (00:23–00:35)
CLAIM
Asserts that ISS and Glass Lewis have not been reviewed by CFIUS despite their significant impact.
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