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Wyoming retirement system selects ISS for proxy‑voting contract; committee probes ESG and costs
Summary
The Wyoming Retirement System told legislators it selected Institutional Shareholder Services (ISS) after an RFP; the estimated base cost is $136,000 per year (or $125,000/year on a five‑year deal). Lawmakers questioned how ISS will interpret pecuniary factors tied to environmental outcomes and how the system will track opportunity costs of proxy votes.
The Select Committee on Capital Financing & Investments heard an update on Senate File 191 — the proxy‑voting and pecuniary‑investments measure — and learned that the Wyoming Retirement System selected Institutional Shareholder Services (ISS) in a recent RFP process.
Josh Keith, investment operations manager for the Wyoming Retirement System, said the RFP closed June 27 with three bids (ISS, Egan Jones and Broadridge) and that the committee chose ISS; contract negotiations…
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