{"id":64344,"date":"2026-02-25T03:48:48","date_gmt":"2026-02-25T08:48:48","guid":{"rendered":"https:\/\/allianceadvisors.com\/top-ftse-100-institutional-investors-alignment-with-iss-glass-lewis\/"},"modified":"2026-02-25T12:52:11","modified_gmt":"2026-02-25T17:52:11","slug":"top-ftse-100-institutional-investors-alignment-with-iss-glass-lewis","status":"publish","type":"post","link":"https:\/\/allianceadvisors.com\/ja\/top-ftse-100-institutional-investors-alignment-with-iss-glass-lewis\/","title":{"rendered":"Top FTSE 100 Institutional Investors Alignment with ISS &#038; Glass Lewis"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row css_animation=&#8221;fadeIn&#8221; content_placement=&#8221;bottom&#8221; column_spacing=&#8221;0px&#8221; wpex_bg_image_source=&#8221;featured&#8221; css=&#8221;.vc_custom_1740765101116{background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; min_height=&#8221;450px&#8221;][vc_column wpex_bg_image_source=&#8221;featured&#8221; css=&#8221;.vc_custom_1738695614909{background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; wpex_bg_position=&#8221;center center&#8221;]<div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:300px;\"><\/div><style>.vcex-heading.vcex_69a7806d1cbe8{width:600px;color:var(--wpex-accent);font-size:var(--wpex-text-6xl);font-weight:600;line-height:var(--wpex-leading-tight);}@media (max-width:479px){.vcex-heading.vcex_69a7806d1cbe8{font-size:30px;}}<\/style><h1 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-max-w-100 wpex-mr-auto vc_custom_1740760034678 vcex_69a7806d1cbe8\"><span class=\"vcex-heading-inner wpex-inline-block\">Top FTSE 100 Institutional Investors Alignment with ISS &#038; Glass Lewis<\/span><\/h1><style>.vcex-heading.vcex_69a7806d1fce2{width:600px;color:var(--wpex-accent);font-size:var(--wpex-text-lg);font-weight:600;line-height:var(--wpex-leading-tight);}@media (max-width:479px){.vcex-heading.vcex_69a7806d1fce2{font-size:16px;}}<\/style><h3 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-max-w-100 wpex-mr-auto vc_custom_1740761328938 vcex_69a7806d1fce2\"><a href=\"https:\/\/allianceadvisors.com\/es\/staff-member\/oliver-taylor\/\" class=\"wpex-no-underline wpex-inherit-color-important\" target=\"_self\"><span class=\"vcex-heading-inner wpex-inline-block\"><span class=\"vcex-heading-icon vcex-heading-icon-left vcex-icon-wrap wpex-mr-5\">By<\/span>Oliver Taylor<\/span><\/a><\/h3><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:50px;\"><\/div>[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:30px;\"><\/div>[\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1772014522135{padding-bottom: 80px !important;}&#8221;][vc_column]<style>.vcex-heading.vcex_69a7806d21ea9{font-size:var(--wpex-text-3xl);font-weight:600;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-mb-40 vcex_69a7806d21ea9\"><span class=\"vcex-heading-inner wpex-inline-block\">Summary: <br>Top FTSE 100 Institutional Investors Proxy Alignment<\/span><\/h2><style>.vcex-grid-container.vcex_69a7806d2295d{gap:40px;}<\/style><div class=\"vcex-grid-container vcex-module wpex-grid wpex-gap-20 wpex-grid-cols-1 wpex-lg-grid-cols-1 vcex_69a7806d2295d\"><style>.vcex-icon-box.vcex_69a7806d241d5{background-color:#f1f1f1;}.vcex-icon-box.vcex_69a7806d241d5 .vcex-icon-box-heading{margin-bottom:20px;color:var(--wpex-on-accent-alt);font-size:var(--wpex-text-xl);}.vcex-icon-box.vcex_69a7806d241d5 .vcex-icon-box-icon{height:50px;width:50px;}<\/style><div class=\"vcex-module vcex-icon-box vcex-icon-box-two wpex-block vcex-icon-box-wo-icon wpex-shadow-xl wpex-py-40 wpex-px-40 wpex-text-left wpex-surface-1 vcex_69a7806d241d5\"><div class=\"vcex-icon-box-text\"><h3 class=\"vcex-icon-box-heading wpex-heading\">Deconstructing the \"Blind Following\" Narrative<\/h3><div class=\"vcex-icon-box-content wpex-last-mb-0 wpex-clr\"><p>While a strong alignment rate with ISS &#8220;FOR&#8221; recommendations may suggest that FTSE 100 investors simply adopt proxy advisor guidance, the underlying data presents a far more differentiated picture when examining &#8220;AGAINST&#8221; recommendations. Only one of the 15 investors assessed shows high alignment with ISS on negative votes. Eight exhibit moderate-to-high correlation (approximately 34%\u201375%), while the remaining seven demonstrate significant independence, with alignment dropping to as low as 19%. This divergence on contentious items indicates that FTSE 100 investors are exercising their own judgement rather than &#8220;outsourcing&#8221; decision-making.<\/p>\n<\/div><\/div><\/div><style>.vcex-icon-box.vcex_69a7806d2567d{background-color:#f1f1f1;}.vcex-icon-box.vcex_69a7806d2567d .vcex-icon-box-heading{margin-bottom:20px;color:var(--wpex-on-accent-alt);font-size:var(--wpex-text-xl);}.vcex-icon-box.vcex_69a7806d2567d .vcex-icon-box-icon{height:50px;width:50px;}<\/style><div class=\"vcex-module vcex-icon-box vcex-icon-box-two wpex-block vcex-icon-box-wo-icon wpex-shadow-xl wpex-py-40 wpex-px-40 wpex-text-left wpex-surface-1 vcex_69a7806d2567d\"><div class=\"vcex-icon-box-text\"><h3 class=\"vcex-icon-box-heading wpex-heading\">The \"Decision-Maker\" Myth<\/h3><div class=\"vcex-icon-box-content wpex-last-mb-0 wpex-clr\"><p>The data makes clear that while proxy advisors help establish a reference point for voting expectations, they do not determine final outcomes. The substantial variation in alignment across \u201cAGAINST\u201d recommendations shows that investors ultimately rely on their own governance assessments rather than external instruction. Taken together with the broader factors outlined in \u2018Interpreting Congruence &amp; Possible Reasons for Voting Alignment\u2019, the commonly held view of proxy advisors as the hidden decision-makers at FTSE 100 AGMs appears increasingly difficult to support.<\/p>\n<\/div><\/div><\/div><style>.vcex-icon-box.vcex_69a7806d26aec{background-color:#f1f1f1;}.vcex-icon-box.vcex_69a7806d26aec .vcex-icon-box-heading{margin-bottom:20px;color:var(--wpex-on-accent-alt);font-size:var(--wpex-text-xl);}.vcex-icon-box.vcex_69a7806d26aec .vcex-icon-box-icon{height:50px;width:50px;}<\/style><div class=\"vcex-module vcex-icon-box vcex-icon-box-two wpex-block vcex-icon-box-wo-icon wpex-shadow-xl wpex-py-40 wpex-px-40 wpex-text-left wpex-surface-1 vcex_69a7806d26aec\"><div class=\"vcex-icon-box-text\"><h3 class=\"vcex-icon-box-heading wpex-heading\">From Ex-Post Observation to Ex-Ante Strategy<\/h3><div class=\"vcex-icon-box-content wpex-last-mb-0 wpex-clr\"><p>While ISS and Glass Lewis recommendations remain useful statistical indicators, their assessments are inherently retrospective and reactive. Securing favourable AGM outcomes requires a shift from monitoring proxy advisor outputs to proactively understanding investor-specific policies well before the publication of any reports. By aligning agenda items, governance practices, and strategic communications with the expectations of key shareholders, companies can mitigate risks long before AGM season. Ultimately, success is shaped not by last-minute adjustments but by a sustained, forward-looking engagement strategy tailored to the nuances of each investor\u2019s guidelines.<\/p>\n<\/div><\/div><\/div><\/div>[\/vc_column][\/vc_row][vc_section el_class=&#8221;wpex-surface-2&#8243; local_scroll_id=&#8221;blind-narrative&#8221; css=&#8221;.vc_custom_1772014090986{padding: 40px !important;}&#8221;][vc_row][vc_column]<style>.vcex-heading.vcex_69a7806d27b9a{font-size:var(--wpex-text-3xl);font-weight:600;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-mb-40 vcex_69a7806d27b9a\"><span class=\"vcex-heading-inner wpex-inline-block\">Congruence &amp; Divergence with ISS &amp; Glass Lewis<\/span><\/h2>[vc_column_text css=&#8221;&#8221;]\n<h3>Voting Congruence &amp; Divergence with ISS &amp; Glass Lewis<\/h3>\n<p>To better understand the congruences &amp; divergences between voting recommendations from proxy advisors and observed investor voting behaviour, we analysed four categories for each of the both proxy advisors:<\/p>\n<ol>\n<li class=\"p1\"><span style=\"color: #797979;\">ISS recommended FOR, Investor voted FOR<\/span><\/li>\n<li class=\"p1\"><span style=\"color: #797979;\">ISS recommended FOR, Investor voted AGAINST<\/span><\/li>\n<li class=\"p2\">ISS recommended AGAINST, Investor voted AGAINST<\/li>\n<li class=\"p2\"><span class=\"s3\">ISS recommended AGAINST, Investor voted FOR<\/span><\/li>\n<li class=\"p2\"><span style=\"color: #797979;\">Glass Lewis recommended FOR, Investor voted FOR<\/span><\/li>\n<li class=\"p2\"><span style=\"color: #797979;\">Glass Lewis recommended FOR, Investor voted AGAINST<\/span><\/li>\n<li class=\"p2\">Glass Lewis recommended AGAINST, Investor voted AGAINST<\/li>\n<li class=\"p2\"><span class=\"s3\">Glass Lewis recommended AGAINST, Investor voted FOR<\/span><\/li>\n<\/ol>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<style>.vcex-grid-container.vcex_69a7806d283cd{gap:40px;}<\/style><div class=\"vcex-grid-container vcex-module wpex-grid wpex-gap-20 wpex-grid-cols-1 wpex-lg-grid-cols-2 vcex_69a7806d283cd\"><style>.vcex-icon-box.vcex_69a7806d29284 .vcex-icon-box-heading{color:var(--wpex-on-accent);}.vcex-icon-box.vcex_69a7806d29284 .vcex-icon-box-icon{height:40px;width:40px;}<\/style><div class=\"vcex-module vcex-icon-box vcex-icon-box-two wpex-block wpex-shadow-xl wpex-py-40 wpex-px-40 wpex-surface-1 vcex_69a7806d29284\"><div class=\"vcex-icon-box-symbol vcex-icon-box-symbol--icon wpex-mb-20\"><div class=\"vcex-icon-box-icon wpex-items-center wpex-justify-center wpex-child-inherit-color wpex-text-center wpex-leading-none wpex-inline-flex wpex-text-1 wpex-border-solid wpex-border wpex-font-light\">1<\/div><\/div><div class=\"vcex-icon-box-text\"><h3 class=\"vcex-icon-box-heading wpex-heading wpex-text-md wpex-mb-10\">ISS FOR Voting FOR-Alignment<\/h3><div class=\"vcex-icon-box-content wpex-last-mb-0 wpex-clr\"><ul>\n<li>When ISS recommended FOR, 12 institutional investors voted FOR in 99% or more of these cases.<\/li>\n<li>Three institutional investors have an alignment between 97.2% and 91.7%.<\/li>\n<\/ul>\n<\/div><\/div><\/div><style>.vcex-icon-box.vcex_69a7806d2a607 .vcex-icon-box-heading{color:var(--wpex-on-accent);}.vcex-icon-box.vcex_69a7806d2a607 .vcex-icon-box-icon{height:40px;width:40px;}<\/style><div class=\"vcex-module vcex-icon-box vcex-icon-box-two wpex-block wpex-shadow-xl wpex-py-40 wpex-px-40 wpex-surface-1 vcex_69a7806d2a607\"><div class=\"vcex-icon-box-symbol vcex-icon-box-symbol--icon wpex-mb-20\"><div class=\"vcex-icon-box-icon wpex-items-center wpex-justify-center wpex-child-inherit-color wpex-text-center wpex-leading-none wpex-inline-flex wpex-text-1 wpex-border-solid wpex-border wpex-font-light\">2<\/div><\/div><div class=\"vcex-icon-box-text\"><h3 class=\"vcex-icon-box-heading wpex-heading wpex-text-md wpex-mb-10\">ISS AGAINST Voting AGAINST-Alignment<\/h3><div class=\"vcex-icon-box-content wpex-last-mb-0 wpex-clr\"><ul>\n<li>Two institutional investors have an alignment between 96% and 88.9%.<\/li>\n<li>Three institutional investors have an alignment between 73.7% and 50%.<\/li>\n<li>The remaining ten institutional investors have alignments between 44% and 19.1%.<\/li>\n<\/ul>\n<\/div><\/div><\/div><style>.vcex-icon-box.vcex_69a7806d2bac8 .vcex-icon-box-heading{color:var(--wpex-on-accent);}.vcex-icon-box.vcex_69a7806d2bac8 .vcex-icon-box-icon{height:40px;width:40px;}<\/style><div class=\"vcex-module vcex-icon-box vcex-icon-box-two wpex-block wpex-shadow-xl wpex-py-40 wpex-px-40 wpex-surface-1 vcex_69a7806d2bac8\"><div class=\"vcex-icon-box-symbol vcex-icon-box-symbol--icon wpex-mb-20\"><div class=\"vcex-icon-box-icon wpex-items-center wpex-justify-center wpex-child-inherit-color wpex-text-center wpex-leading-none wpex-inline-flex wpex-text-1 wpex-border-solid wpex-border wpex-font-light\">3<\/div><\/div><div class=\"vcex-icon-box-text\"><h3 class=\"vcex-icon-box-heading wpex-heading wpex-text-md wpex-mb-10\">Glass Lewis FOR Voting FOR-Alignment<\/h3><div class=\"vcex-icon-box-content wpex-last-mb-0 wpex-clr\"><ul>\n<li>When Glass Lewis recommended FOR, 10 institutional investors voted FOR in 99% or more of these cases.<\/li>\n<li>The remaining five institutional investors have an alignment between 98.7% and 91.4%.<\/li>\n<\/ul>\n<\/div><\/div><\/div><style>.vcex-icon-box.vcex_69a7806d2cf57 .vcex-icon-box-heading{color:var(--wpex-on-accent);}.vcex-icon-box.vcex_69a7806d2cf57 .vcex-icon-box-icon{height:40px;width:40px;}<\/style><div class=\"vcex-module vcex-icon-box vcex-icon-box-two wpex-block wpex-shadow-xl wpex-py-40 wpex-px-40 wpex-surface-1 vcex_69a7806d2cf57\"><div class=\"vcex-icon-box-symbol vcex-icon-box-symbol--icon wpex-mb-20\"><div class=\"vcex-icon-box-icon wpex-items-center wpex-justify-center wpex-child-inherit-color wpex-text-center wpex-leading-none wpex-inline-flex wpex-text-1 wpex-border-solid wpex-border wpex-font-light\">4<\/div><\/div><div class=\"vcex-icon-box-text\"><h3 class=\"vcex-icon-box-heading wpex-heading wpex-text-md wpex-mb-10\">Glass Lewis AGAINST Voting AGAINST-Alignment<\/h3><div class=\"vcex-icon-box-content wpex-last-mb-0 wpex-clr\"><ul>\n<li>Only one of the 15 institutional investors have an alignment over 70% when Glass Lewis recommended AGAINST.<\/li>\n<li>Two institutional investors have an alignment between 50% and 70%.<\/li>\n<li>The remaining 12 investors have an alignment between 44.4% and 16.7%.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"vcex-shortcode wpex-clr\"><div id=\"footable_parent_64291\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui colored_table\">\n                <table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"64291\" data-filter-delay=\"1000\" aria-label=\"Congruence &amp; Divergence with ISS &amp; Glass Lewis\"            id=\"footable_64291\"\n           data-unique_identifier=\"ninja_table_unique_id_3515981838_64291\"\n           class=\" foo-table ninja_footable foo_table_64291 ninja_table_unique_id_3515981838_64291 ui table  ninja_search_right nt_type_legacy_table striped vertical_centered ninja_custom_color inverted footable-paging-right ninja_table_search_disabled ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                            <col class=\"ninja_column_3 \">\n                            <col class=\"ninja_column_4 \">\n                            <col class=\"ninja_column_5 \">\n                            <col class=\"ninja_column_6 \">\n                            <col class=\"ninja_column_7 \">\n                            <col class=\"ninja_column_8 \">\n                            <col class=\"ninja_column_9 \">\n                            <col class=\"ninja_column_10 \">\n                    <\/colgroup>\n        <thead>\n<tr class=\"footable-header\">\n                                                                                                                                                                                        <th scope=\"col\"  class=\"ninja_column_0 ninja_clmn_nm_investor \">Investor<\/th><th scope=\"col\"  class=\"ninja_column_1 ninja_clmn_nm_voted_items \">Voted Items<\/th><th scope=\"col\"  class=\"ninja_column_2 ninja_clmn_nm_proxy_advisory \">Proxy Advisory<\/th><th scope=\"col\"  class=\"ninja_column_3 ninja_clmn_nm_iss_voting \">ISS + Voting +<\/th><th scope=\"col\"  class=\"ninja_column_4 ninja_clmn_nm_iss_voting_2 \">ISS + Voting -<\/th><th scope=\"col\"  class=\"ninja_column_5 ninja_clmn_nm_iss_voting_3 \">ISS - Voting -<\/th><th scope=\"col\"  class=\"ninja_column_6 ninja_clmn_nm_iss_voting_4 \">ISS - Voting +<\/th><th scope=\"col\"  class=\"ninja_column_7 ninja_clmn_nm_gl_voting \">GL + Voting +<\/th><th scope=\"col\"  class=\"ninja_column_8 ninja_clmn_nm_gl_voting_2 \">GL + Voting -<\/th><th scope=\"col\"  class=\"ninja_column_9 ninja_clmn_nm_gl_voting_3 \">GL - Voting -<\/th><th scope=\"col\"  class=\"ninja_column_10 ninja_clmn_nm_gl_voting_4 \">GL - Voting +<\/th><\/tr>\n<\/thead>\n<tbody>\n\n        <tr data-row_id=\"1078\" class=\"ninja_table_row_0 nt_row_id_1078\">\n            <td>Amundi<\/td><td>1798<\/td><td>ISS & Glass Lewis<\/td><td>91.7%<\/td><td>8.3%<\/td><td>44%<\/td><td>56%<\/td><td>91.4%<\/td><td>8.6%<\/td><td>33.3%<\/td><td>66.6%<\/td>        <\/tr>\n            <tr data-row_id=\"1079\" class=\"ninja_table_row_1 nt_row_id_1079\">\n            <td>Black Rock\u00a0<\/td><td>1827<\/td><td>ISS & Glass Lewis<\/td><td>99.2%<\/td><td>0.8%<\/td><td>36%<\/td><td>64%<\/td><td>99.1%<\/td><td>0.9%<\/td><td>38.9%<\/td><td>61.1%<\/td>        <\/tr>\n            <tr data-row_id=\"1080\" class=\"ninja_table_row_2 nt_row_id_1080\">\n            <td>Capital Group\u00a0<\/td><td>917<\/td><td>ISS<\/td><td>97.2%<\/td><td>2.8%<\/td><td>20%<\/td><td>60%<\/td><td>97.1%<\/td><td>2.9%<\/td><td>20%<\/td><td>80%<\/td>        <\/tr>\n            <tr data-row_id=\"1081\" class=\"ninja_table_row_3 nt_row_id_1081\">\n            <td>Columbia Threadneedle\u00a0<\/td><td>1852<\/td><td>ISS<\/td><td>99.9%<\/td><td>0.1%<\/td><td>23.8%<\/td><td>76.2%<\/td><td>99.8%<\/td><td>0.2%<\/td><td>17.7%<\/td><td>82.3%<\/td>        <\/tr>\n            <tr data-row_id=\"1082\" class=\"ninja_table_row_4 nt_row_id_1082\">\n            <td>Dimensional Fund Advisors\u00a0<\/td><td>1792<\/td><td>ISS & Glass Lewis<\/td><td>99.3%<\/td><td>0.7%<\/td><td>96%<\/td><td>4%<\/td><td>98.7%<\/td><td>1.3%<\/td><td>72.2%<\/td><td>27.8%<\/td>        <\/tr>\n            <tr data-row_id=\"1083\" class=\"ninja_table_row_5 nt_row_id_1083\">\n            <td>Fidelity FMR\u00a0<\/td><td>1430<\/td><td>ISS & Glass Lewis<\/td><td>99.1%<\/td><td>0.9%<\/td><td>22.7%<\/td><td>77.3%<\/td><td>99.2%<\/td><td>0.8%<\/td><td>37.5%<\/td><td>62.5%<\/td>        <\/tr>\n            <tr data-row_id=\"1084\" class=\"ninja_table_row_6 nt_row_id_1084\">\n            <td>Geode Capital\u00a0<\/td><td>1562<\/td><td>ISS<\/td><td>99.9%<\/td><td>0.1%<\/td><td>24%<\/td><td>76%<\/td><td>99.8%<\/td><td>0.2%<\/td><td>16.7%<\/td><td>83.3%<\/td>        <\/tr>\n            <tr data-row_id=\"1085\" class=\"ninja_table_row_7 nt_row_id_1085\">\n            <td>Invesco Asset Management\u00a0<\/td><td>1833<\/td><td>ISS & Glass Lewis<\/td><td>99.8%<\/td><td>0.2%<\/td><td>19.1%<\/td><td>80.9%<\/td><td>99.7%<\/td><td>0.3%<\/td><td>18.8%<\/td><td>81.2%<\/td>        <\/tr>\n            <tr data-row_id=\"1086\" class=\"ninja_table_row_8 nt_row_id_1086\">\n            <td>JP Morgan Asset Management<\/td><td>1852<\/td><td>ISS & Glass Lewis<\/td><td>99.9%<\/td><td>0.1%<\/td><td>24%<\/td><td>76%<\/td><td>99.8%<\/td><td>0.2%<\/td><td>16.7%<\/td><td>83.3%<\/td>        <\/tr>\n            <tr data-row_id=\"1087\" class=\"ninja_table_row_9 nt_row_id_1087\">\n            <td>MFS Investment Management\u00a0<\/td><td>1215<\/td><td>ISS & Glass Lewis<\/td><td>99.4%<\/td><td>0.6%<\/td><td>50%<\/td><td>50%<\/td><td>99%<\/td><td>1%<\/td><td>50%<\/td><td>50%<\/td>        <\/tr>\n            <tr data-row_id=\"1088\" class=\"ninja_table_row_10 nt_row_id_1088\">\n            <td>Norges Bank\u00a0<\/td><td>1682<\/td><td>ISS<\/td><td>99.8%<\/td><td>0.2%<\/td><td>25%<\/td><td>75%<\/td><td>99.6%<\/td><td>0.4%<\/td><td>16.7%<\/td><td>83.3%<\/td>        <\/tr>\n            <tr data-row_id=\"1089\" class=\"ninja_table_row_11 nt_row_id_1089\">\n            <td>Northern Trust\u00a0<\/td><td>1588<\/td><td>ISS<\/td><td>99.1%<\/td><td>0.9%<\/td><td>88.9%<\/td><td>11.1%<\/td><td>98.5%<\/td><td>1.5%<\/td><td>53.3%<\/td><td>46.7%<\/td>        <\/tr>\n            <tr data-row_id=\"1090\" class=\"ninja_table_row_12 nt_row_id_1090\">\n            <td>State Street Investment\u00a0<\/td><td>1852<\/td><td>ISS<\/td><td>95.6%<\/td><td>4.4%<\/td><td>52%<\/td><td>48%<\/td><td>95.4%<\/td><td>4.6%<\/td><td>44.4%<\/td><td>55.6%<\/td>        <\/tr>\n            <tr data-row_id=\"1091\" class=\"ninja_table_row_13 nt_row_id_1091\">\n            <td>T. Rowe Price\u00a0<\/td><td>1483<\/td><td>ISS & Glass Lewis<\/td><td>99.7%<\/td><td>0.3%<\/td><td>73.7%<\/td><td>26.3%<\/td><td>99.1%<\/td><td>0.9%<\/td><td>40%<\/td><td>60%<\/td>        <\/tr>\n            <tr data-row_id=\"1092\" class=\"ninja_table_row_14 nt_row_id_1092\">\n            <td>Vanguard\u00a0<\/td><td>1852<\/td><td>ISS & Glass Lewis<\/td><td>99.8%<\/td><td>0.2%<\/td><td>24%<\/td><td>76%<\/td><td>99.8%<\/td><td>0.2%<\/td><td>27.8%<\/td><td>72.2%<\/td>        <\/tr>\n    <\/tbody><!--ninja_tobody_rendering_done-->\n    <\/table>\n    \n    \n    \n<\/div>\n<\/div>[vc_column_text css=&#8221;&#8221;]&#8221;+&#8221; indicates a positive recommendation or vote (FOR).<br \/>\n&#8220;-&#8221; indicates a negative recommendation or vote (AGAINST).[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section local_scroll_id=&#8221;decision-maker&#8221; css=&#8221;.vc_custom_1772020033561{padding-top: 60px !important;}&#8221;][vc_row][vc_column]<style>.vcex-heading.vcex_69a7806d3502e{font-size:var(--wpex-text-3xl);font-weight:600;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-mb-40 vcex_69a7806d3502e\"><span class=\"vcex-heading-inner wpex-inline-block\">Interpreting Congruence &amp; Possible Reasons for Voting Alignment<\/span><\/h2>[vc_column_text css=&#8221;&#8221;]\n<h3>Interpreting Congruence: Why High Alignment Is Not Proof of Causation<\/h3>\n<ul>\n<li>In a paper by Robert Matthews in 2000 titled\u201cStorks Deliver Babies (p=0.008)\u201d, the Stork-Baby Correlation was examined.<\/li>\n<li>The examined data showed that a highly statistically significant correlation exists between stork populations &amp; human birth rates across Europe.<\/li>\n<li>As the author notes, this \u201cshows that a highly statistically significant correlation exists between stork populations and human birth rates across Europe. While storks may not deliver babies, unthinking interpretation of correlation and p-values can certainly deliver unreliable conclusions.\u201d<\/li>\n<\/ul>\n<h3>Possible Reasons for Voting Alignment with Proxy Advisory<\/h3>\n<p><strong>Shared Best Practices:<\/strong> Both investors and proxy advisors frequently operate from the same global governance &#8216;playbooks.&#8217; Frameworks established by organizations such as the ICGN, UN PRI, and the OECD, alongside national Corporate Governance Codes (such as the DCGK in Germany), create a standardized baseline for high-quality governance. Consequently, high alignment might reflect a shared adherence.<\/p>\n<p><strong>Routine Consensus:<\/strong> A certain portion of AGM agendas consist of &#8220;routine&#8221; or non-controversial items, such as dividend payments or the appointment of auditors. In these cases, there is a natural market-wide overlap in voting, which mathematically inflates alignment percentages.<\/p>\n<p><strong>Feedback Loops:<\/strong> ISS and Glass Lewis conduct comprehensive annual policy surveys and regular client consultations to ensure their benchmarks remain aligned. By incorporating this direct input into the guidelines, proxy advisors adopt a form of consensus views.<\/p>\n<p><strong>Non-Glass Lewis Clients:<\/strong> The high level of alignment observed among ISS-exclusive clients with Glass Lewis recommendations might indicate that proxy advisors are not necessarily standard-setters, but act as mirrors of an existing basic market consensus.[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section local_scroll_id=&#8221;decision-maker&#8221;][vc_row][vc_column]<style>.vcex-heading.vcex_69a7806d35d9e{font-size:var(--wpex-text-3xl);font-weight:600;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-mb-40 vcex_69a7806d35d9e\"><span class=\"vcex-heading-inner wpex-inline-block\">Methodology<\/span><\/h2>[vc_column_text css=&#8221;&#8221;]\n<ul>\n<li>Our study examines 15 of the largest international institutional investors, selected based on average investment size and strategic shareholder structures.<\/li>\n<li>For the 2025 FTSE 100 Annual General Meeting (AGM) season, we analysed voting recommendations from leading proxy advisors ISS and Glass Lewis.<\/li>\n<li>To ensure a consistent baseline for voting guidelines and investor expectations, we excluded companies without full proxy coverage -typically due to insufficient free floats.<\/li>\n<li>Consequently, this report focuses on 85 FTSE 100 companies, cross-referencing their proxy recommendations against the actual voting records of our 15 selected investors.<\/li>\n<\/ul>\n[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section el_class=&#8221;wpex-surface-2&#8243; local_scroll_id=&#8221;blind-narrative&#8221; css=&#8221;.vc_custom_1772014090986{padding: 40px !important;}&#8221;][vc_row][vc_column]<style>.vcex-heading.vcex_69a7806d36a72{font-size:var(--wpex-text-3xl);font-weight:600;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-mb-40 vcex_69a7806d36a72\"><span class=\"vcex-heading-inner wpex-inline-block\">成人视频 Team<\/span><\/h2>[vc_column_text css=&#8221;&#8221;]At 成人视频, we support our EMEA-clients on each assignment with a dedicated global team that consists of:[\/vc_column_text][\/vc_column][\/vc_row][vc_row remove_bottom_col_margin=&#8221;true&#8221;][vc_column]<div class=\"wpex-post-cards wpex-post-cards-template_29496 wpex-relative\"><div class=\"wpex-post-cards-inner\"><div class=\"wpex-post-cards-loop wpex-post-cards-grid wpex-row wpex-clr gap-40\"><div class=\"wpex-post-cards-entry col col-1 span_1_of_3 post-40301 type-staff tag-97 tag-95 cat-130 cat-131 cat-102 cat-101 translation_priority-373\"><div class=\"wpex-card wpex-card-template_29496\"><style>.vc_custom_1739364896388{background-color: #FFFFFF !important;border: 1px solid #F3F3F3 !important;}.vc_custom_1738165065143{padding-right: 12px !important;padding-left: 12px !important;}.vc_custom_1738165180053{padding-right: 12px !important;padding-left: 12px !important;}.vc_custom_1738226857389{padding-right: 12px !important;padding-left: 12px !important;}<\/style><a href=\"https:\/\/allianceadvisors.com\/ja\/staff-member\/angelika-horstmeier\/\" aria-label=\"Angelika Horstmeier\" class=\"wpex-card-inner wpex-no-underline wpex-inherit-color\"><div class=\"vc_row wpb_row vc_row-fluid vc_custom_1739364896388 vc_row-o-equal-height vc_row-o-content-top vc_row-flex wpex-relative wpex-vc-has-custom-column-spacing wpex-vc-column-spacing-0px wpex-vc_row-has-fill wpex-vc-reset-negative-margin\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><figure class=\"vcex-image vcex-module wpex-text-center\"><div class=\"vcex-image-inner wpex-relative wpex-inline-block image-filter-grayscale overlay-parent overlay-parent-plus-hover wpex-overflow-hidden\"><span href=\"https:\/\/allianceadvisors.com\/ja\/staff-member\/angelika-horstmeier\/\"><img loading=\"lazy\" class=\"vcex-image-img wpex-align-middle\" decoding=\"async\" src=\"https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier-290x290.jpg\" alt=\"Head shot of Angelika Horstmeier, Managing Director\" srcset=\"https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier.jpg 1200w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier-300x300.jpg 300w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier-1024x1024.jpg 1024w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier-150x150.jpg 150w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier-768x767.jpg 768w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier-600x600.jpg 600w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier-350x350.jpg 350w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier-230x230.jpg 230w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier-210x210.jpg 210w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier-220x220.jpg 220w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier-70x70.jpg 70w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier-290x290.jpg 290w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier.jpg?w=480 480w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/02\/Angelika-Horstmeier.jpg?w=960 960w\" width=\"290\" height=\"290\">\n<div class=\"overlay-plus-hover overlay-hide theme-overlay wpex-absolute wpex-inset-0 wpex-transition-all wpex-duration-300\" aria-hidden=\"true\">\n\t<span class=\"overlay-bg wpex-flex wpex-items-center wpex-justify-center wpex-bg-black wpex-block wpex-absolute wpex-inset-0 wpex-opacity-60\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" width=\"40\" stroke=\"#fff\"><path d=\"M-83 26.947h7.225v234.297H-83zM20 0h0v20h20 0-20v20h0V20H0h0 20z\"\/><\/svg><\/span>\n<\/div>\n<\/span><\/div><\/figure><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div><style>.vcex-page-title.vcex_69a7806d44481 .vcex-page-title__heading{font-size:18px;font-weight:500;}<\/style><div class=\"vcex-page-title vcex-module vc_custom_1738165065143 vcex_69a7806d44481\"><h2 class=\"vcex-page-title__heading wpex-heading wpex-text-3xl\"><span class=\"vcex-page-title__text\">Angelika Horstmeier<\/span><\/h2><\/div><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div><style>.vcex-heading.vcex_69a7806d453ba{font-size:14px;font-weight:300;text-transform:uppercase;}<\/style><h3 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl vc_custom_1738165180053 vcex_69a7806d453ba\"><span class=\"vcex-heading-inner wpex-inline-block\">Senior Managing Director<\/span><\/h3><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:40px;\"><\/div>\n\t<div style=\"font-size:14px;text-transform:uppercase;\" class=\"wpb_text_column wpb_content_element vc_custom_1738226857389 wpex-mt-auto\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"color: #393939;\">View profile<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\r\n<\/a><\/div><\/div><div class=\"wpex-post-cards-entry col col-2 span_1_of_3 post-40402 type-staff tag-97 cat-130 cat-131 cat-134 cat-102 translation_priority-373\"><div class=\"wpex-card wpex-card-template_29496\"><a href=\"https:\/\/allianceadvisors.com\/ja\/staff-member\/sandro-barbato\/\" aria-label=\"Sandro Barbato\" class=\"wpex-card-inner wpex-no-underline wpex-inherit-color\"><div class=\"vc_row wpb_row vc_row-fluid vc_custom_1739364896388 vc_row-o-equal-height vc_row-o-content-top vc_row-flex wpex-relative wpex-vc-has-custom-column-spacing wpex-vc-column-spacing-0px wpex-vc_row-has-fill wpex-vc-reset-negative-margin\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><figure class=\"vcex-image vcex-module wpex-text-center\"><div class=\"vcex-image-inner wpex-relative wpex-inline-block image-filter-grayscale overlay-parent overlay-parent-plus-hover wpex-overflow-hidden\"><span href=\"https:\/\/allianceadvisors.com\/ja\/staff-member\/sandro-barbato\/\"><img loading=\"lazy\" class=\"vcex-image-img wpex-align-middle\" decoding=\"async\" src=\"https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/03\/Sandro-Barbato-headshot-290x290.jpg\" alt=\"Head shot of Sandro Barbato, Senior Advisor\" srcset=\"https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/03\/Sandro-Barbato-headshot-150x150.jpg 150w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/03\/Sandro-Barbato-headshot-220x220.jpg 220w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/03\/Sandro-Barbato-headshot-32x32.jpg 32w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/03\/Sandro-Barbato-headshot-96x96.jpg 96w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/03\/Sandro-Barbato-headshot-80x80.jpg 80w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/03\/Sandro-Barbato-headshot-70x70.jpg 70w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2023\/03\/Sandro-Barbato-headshot-290x290.jpg 290w\" width=\"290\" height=\"290\">\n<div class=\"overlay-plus-hover overlay-hide theme-overlay wpex-absolute wpex-inset-0 wpex-transition-all wpex-duration-300\" aria-hidden=\"true\">\n\t<span class=\"overlay-bg wpex-flex wpex-items-center wpex-justify-center wpex-bg-black wpex-block wpex-absolute wpex-inset-0 wpex-opacity-60\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" width=\"40\" stroke=\"#fff\"><path d=\"M-83 26.947h7.225v234.297H-83zM20 0h0v20h20 0-20v20h0V20H0h0 20z\"\/><\/svg><\/span>\n<\/div>\n<\/span><\/div><\/figure><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div><style>.vcex-page-title.vcex_69a7806d4a2d0 .vcex-page-title__heading{font-size:18px;font-weight:500;}<\/style><div class=\"vcex-page-title vcex-module vc_custom_1738165065143 vcex_69a7806d4a2d0\"><h2 class=\"vcex-page-title__heading wpex-heading wpex-text-3xl\"><span class=\"vcex-page-title__text\">Sandro Barbato<\/span><\/h2><\/div><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div><style>.vcex-heading.vcex_69a7806d4b317{font-size:14px;font-weight:300;text-transform:uppercase;}<\/style><h3 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl vc_custom_1738165180053 vcex_69a7806d4b317\"><span class=\"vcex-heading-inner wpex-inline-block\">Managing Director<\/span><\/h3><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:40px;\"><\/div>\n\t<div style=\"font-size:14px;text-transform:uppercase;\" class=\"wpb_text_column wpb_content_element vc_custom_1738226857389 wpex-mt-auto\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"color: #393939;\">View profile<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\r\n<\/a><\/div><\/div><div class=\"wpex-post-cards-entry col col-3 span_1_of_3 post-55881 type-staff tag-97 cat-131 cat-149 cat-419 cat-646 cat-647 cat-683 cat-132 translation_priority-373\"><div class=\"wpex-card wpex-card-template_29496\"><a href=\"https:\/\/allianceadvisors.com\/ja\/staff-member\/ahmed-suliman\/\" aria-label=\"Ahmed Suliman\" class=\"wpex-card-inner wpex-no-underline wpex-inherit-color\"><div class=\"vc_row wpb_row vc_row-fluid vc_custom_1739364896388 vc_row-o-equal-height vc_row-o-content-top vc_row-flex wpex-relative wpex-vc-has-custom-column-spacing wpex-vc-column-spacing-0px wpex-vc_row-has-fill wpex-vc-reset-negative-margin\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><figure class=\"vcex-image vcex-module wpex-text-center\"><div class=\"vcex-image-inner wpex-relative wpex-inline-block image-filter-grayscale overlay-parent overlay-parent-plus-hover wpex-overflow-hidden\"><span href=\"https:\/\/allianceadvisors.com\/ja\/staff-member\/ahmed-suliman\/\"><img loading=\"lazy\" class=\"vcex-image-img wpex-align-middle\" decoding=\"async\" src=\"https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/02\/Ahmed-Suliman-290x290.jpg\" alt=\"\" srcset=\"https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/02\/Ahmed-Suliman.jpg 1080w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/02\/Ahmed-Suliman-300x300.jpg 300w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/02\/Ahmed-Suliman-1024x1024.jpg 1024w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/02\/Ahmed-Suliman-150x150.jpg 150w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/02\/Ahmed-Suliman-768x768.jpg 768w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/02\/Ahmed-Suliman-600x600.jpg 600w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/02\/Ahmed-Suliman-290x290.jpg 290w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/02\/Ahmed-Suliman-220x220.jpg 220w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/02\/Ahmed-Suliman.jpg?w=432 432w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/02\/Ahmed-Suliman.jpg?w=864 864w\" width=\"290\" height=\"290\">\n<div class=\"overlay-plus-hover overlay-hide theme-overlay wpex-absolute wpex-inset-0 wpex-transition-all wpex-duration-300\" aria-hidden=\"true\">\n\t<span class=\"overlay-bg wpex-flex wpex-items-center wpex-justify-center wpex-bg-black wpex-block wpex-absolute wpex-inset-0 wpex-opacity-60\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" width=\"40\" stroke=\"#fff\"><path d=\"M-83 26.947h7.225v234.297H-83zM20 0h0v20h20 0-20v20h0V20H0h0 20z\"\/><\/svg><\/span>\n<\/div>\n<\/span><\/div><\/figure><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div><style>.vcex-page-title.vcex_69a7806d4fc59 .vcex-page-title__heading{font-size:18px;font-weight:500;}<\/style><div class=\"vcex-page-title vcex-module vc_custom_1738165065143 vcex_69a7806d4fc59\"><h2 class=\"vcex-page-title__heading wpex-heading wpex-text-3xl\"><span class=\"vcex-page-title__text\">Ahmed Suliman<\/span><\/h2><\/div><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div><style>.vcex-heading.vcex_69a7806d50c0e{font-size:14px;font-weight:300;text-transform:uppercase;}<\/style><h3 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl vc_custom_1738165180053 vcex_69a7806d50c0e\"><span class=\"vcex-heading-inner wpex-inline-block\">Director, Governance Advisory Solutions<\/span><\/h3><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:40px;\"><\/div>\n\t<div style=\"font-size:14px;text-transform:uppercase;\" class=\"wpb_text_column wpb_content_element vc_custom_1738226857389 wpex-mt-auto\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"color: #393939;\">View profile<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\r\n<\/a><\/div><\/div><div class=\"wpex-post-cards-entry col col-1 span_1_of_3 post-40343 type-staff tag-96 tag-97 cat-131 translation_priority-373\"><div class=\"wpex-card wpex-card-template_29496\"><a href=\"https:\/\/allianceadvisors.com\/ja\/staff-member\/emmanuelle-palikuca\/\" aria-label=\"Emmanuelle Palikuca\" class=\"wpex-card-inner wpex-no-underline wpex-inherit-color\"><div class=\"vc_row wpb_row vc_row-fluid vc_custom_1739364896388 vc_row-o-equal-height vc_row-o-content-top vc_row-flex wpex-relative wpex-vc-has-custom-column-spacing wpex-vc-column-spacing-0px wpex-vc_row-has-fill wpex-vc-reset-negative-margin\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><figure class=\"vcex-image vcex-module wpex-text-center\"><div class=\"vcex-image-inner wpex-relative wpex-inline-block image-filter-grayscale overlay-parent overlay-parent-plus-hover wpex-overflow-hidden\"><span href=\"https:\/\/allianceadvisors.com\/ja\/staff-member\/emmanuelle-palikuca\/\"><img loading=\"lazy\" class=\"vcex-image-img wpex-align-middle\" decoding=\"async\" src=\"https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450-290x290.png\" alt=\"Headshot of Emmanuelle Palikuca, Managing Director, Head of Sustainability Advisory\" srcset=\"https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450.png 450w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450-300x300.png 300w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450-150x150.png 150w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450-350x350.png 350w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450-230x230.png 230w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450-210x210.png 210w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450-220x220.png 220w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450-70x70.png 70w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450-64x64.png 64w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450-26x26.png 26w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450-25x25.png 25w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2022\/12\/EPalikuca450-290x290.png 290w\" width=\"290\" height=\"290\">\n<div class=\"overlay-plus-hover overlay-hide theme-overlay wpex-absolute wpex-inset-0 wpex-transition-all wpex-duration-300\" aria-hidden=\"true\">\n\t<span class=\"overlay-bg wpex-flex wpex-items-center wpex-justify-center wpex-bg-black wpex-block wpex-absolute wpex-inset-0 wpex-opacity-60\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" width=\"40\" stroke=\"#fff\"><path d=\"M-83 26.947h7.225v234.297H-83zM20 0h0v20h20 0-20v20h0V20H0h0 20z\"\/><\/svg><\/span>\n<\/div>\n<\/span><\/div><\/figure><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div><style>.vcex-page-title.vcex_69a7806d5585e .vcex-page-title__heading{font-size:18px;font-weight:500;}<\/style><div class=\"vcex-page-title vcex-module vc_custom_1738165065143 vcex_69a7806d5585e\"><h2 class=\"vcex-page-title__heading wpex-heading wpex-text-3xl\"><span class=\"vcex-page-title__text\">Emmanuelle Palikuca<\/span><\/h2><\/div><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div><style>.vcex-heading.vcex_69a7806d56801{font-size:14px;font-weight:300;text-transform:uppercase;}<\/style><h3 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl vc_custom_1738165180053 vcex_69a7806d56801\"><span class=\"vcex-heading-inner wpex-inline-block\">Managing Director, Global Advisory and Head of Sustainability<\/span><\/h3><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:40px;\"><\/div>\n\t<div style=\"font-size:14px;text-transform:uppercase;\" class=\"wpb_text_column wpb_content_element vc_custom_1738226857389 wpex-mt-auto\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"color: #393939;\">View profile<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\r\n<\/a><\/div><\/div><div class=\"wpex-post-cards-entry col col-2 span_1_of_3 post-62739 type-staff tag-97 cat-134 cat-701 translation_priority-373\"><div class=\"wpex-card wpex-card-template_29496\"><a href=\"https:\/\/allianceadvisors.com\/ja\/staff-member\/mayra-baraschi\/\" aria-label=\"Mayra Baraschi\" class=\"wpex-card-inner wpex-no-underline wpex-inherit-color\"><div class=\"vc_row wpb_row vc_row-fluid vc_custom_1739364896388 vc_row-o-equal-height vc_row-o-content-top vc_row-flex wpex-relative wpex-vc-has-custom-column-spacing wpex-vc-column-spacing-0px wpex-vc_row-has-fill wpex-vc-reset-negative-margin\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><figure class=\"vcex-image vcex-module wpex-text-center\"><div class=\"vcex-image-inner wpex-relative wpex-inline-block image-filter-grayscale overlay-parent overlay-parent-plus-hover wpex-overflow-hidden\"><span href=\"https:\/\/allianceadvisors.com\/ja\/staff-member\/mayra-baraschi\/\"><img loading=\"lazy\" class=\"vcex-image-img wpex-align-middle\" decoding=\"async\" src=\"https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/11\/MAYRA-BARASCHI-e1762274916489-290x290.jpg\" alt=\"\" width=\"290\" height=\"290\">\n<div class=\"overlay-plus-hover overlay-hide theme-overlay wpex-absolute wpex-inset-0 wpex-transition-all wpex-duration-300\" aria-hidden=\"true\">\n\t<span class=\"overlay-bg wpex-flex wpex-items-center wpex-justify-center wpex-bg-black wpex-block wpex-absolute wpex-inset-0 wpex-opacity-60\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" width=\"40\" stroke=\"#fff\"><path d=\"M-83 26.947h7.225v234.297H-83zM20 0h0v20h20 0-20v20h0V20H0h0 20z\"\/><\/svg><\/span>\n<\/div>\n<\/span><\/div><\/figure><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div><style>.vcex-page-title.vcex_69a7806d5b079 .vcex-page-title__heading{font-size:18px;font-weight:500;}<\/style><div class=\"vcex-page-title vcex-module vc_custom_1738165065143 vcex_69a7806d5b079\"><h2 class=\"vcex-page-title__heading wpex-heading wpex-text-3xl\"><span class=\"vcex-page-title__text\">Mayra Baraschi<\/span><\/h2><\/div><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div><style>.vcex-heading.vcex_69a7806d5c093{font-size:14px;font-weight:300;text-transform:uppercase;}<\/style><h3 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl vc_custom_1738165180053 vcex_69a7806d5c093\"><span class=\"vcex-heading-inner wpex-inline-block\">Director, Shareholder Engagement Services (SES), International<\/span><\/h3><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:40px;\"><\/div>\n\t<div style=\"font-size:14px;text-transform:uppercase;\" class=\"wpb_text_column wpb_content_element vc_custom_1738226857389 wpex-mt-auto\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"color: #393939;\">View profile<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\r\n<\/a><\/div><\/div><div class=\"wpex-post-cards-entry col col-3 span_1_of_3 post-64339 type-staff tag-97 cat-647 cat-134 cat-143 cat-101 translation_priority-373\"><div class=\"wpex-card wpex-card-template_29496\"><a href=\"https:\/\/allianceadvisors.com\/ja\/staff-member\/oliver-taylor\/\" aria-label=\"Oliver Taylor\" class=\"wpex-card-inner wpex-no-underline wpex-inherit-color\"><div class=\"vc_row wpb_row vc_row-fluid vc_custom_1739364896388 vc_row-o-equal-height vc_row-o-content-top vc_row-flex wpex-relative wpex-vc-has-custom-column-spacing wpex-vc-column-spacing-0px wpex-vc_row-has-fill wpex-vc-reset-negative-margin\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><figure class=\"vcex-image vcex-module wpex-text-center\"><div class=\"vcex-image-inner wpex-relative wpex-inline-block image-filter-grayscale overlay-parent overlay-parent-plus-hover wpex-overflow-hidden\"><span href=\"https:\/\/allianceadvisors.com\/ja\/staff-member\/oliver-taylor\/\"><img loading=\"lazy\" class=\"vcex-image-img wpex-align-middle\" decoding=\"async\" src=\"https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2025\/04\/Website-Colour-e1745507634485-290x290.jpg\" alt=\"\" width=\"290\" height=\"290\">\n<div class=\"overlay-plus-hover overlay-hide theme-overlay wpex-absolute wpex-inset-0 wpex-transition-all wpex-duration-300\" aria-hidden=\"true\">\n\t<span class=\"overlay-bg wpex-flex wpex-items-center wpex-justify-center wpex-bg-black wpex-block wpex-absolute wpex-inset-0 wpex-opacity-60\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"40\" width=\"40\" stroke=\"#fff\"><path d=\"M-83 26.947h7.225v234.297H-83zM20 0h0v20h20 0-20v20h0V20H0h0 20z\"\/><\/svg><\/span>\n<\/div>\n<\/span><\/div><\/figure><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div><style>.vcex-page-title.vcex_69a7806d60774 .vcex-page-title__heading{font-size:18px;font-weight:500;}<\/style><div class=\"vcex-page-title vcex-module vc_custom_1738165065143 vcex_69a7806d60774\"><h2 class=\"vcex-page-title__heading wpex-heading wpex-text-3xl\"><span class=\"vcex-page-title__text\">Oliver Taylor<\/span><\/h2><\/div><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div><style>.vcex-heading.vcex_69a7806d616d0{font-size:14px;font-weight:300;text-transform:uppercase;}<\/style><h3 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl vc_custom_1738165180053 vcex_69a7806d616d0\"><span class=\"vcex-heading-inner wpex-inline-block\">Account Executive, Engagement<\/span><\/h3><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:40px;\"><\/div>\n\t<div style=\"font-size:14px;text-transform:uppercase;\" class=\"wpb_text_column wpb_content_element vc_custom_1738226857389 wpex-mt-auto\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"color: #393939;\">View profile<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\r\n<\/a><\/div><\/div><\/div><\/div><\/div>[\/vc_column][\/vc_row][\/vc_section]\n<\/div>","protected":false},"excerpt":{"rendered":"Oliver joined 成人视频 in 2025 to support the &hellip;","protected":false},"author":90,"featured_media":64302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[383],"tags":[],"post_series":[],"ppma_author":[745],"class_list":["post-64344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-whitepapers-ja","entry","has-media"],"authors":[{"term_id":745,"user_id":90,"is_guest":0,"slug":"oliver-taylor","display_name":"Oliver Taylor","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/fb808331a40d6c055acb106ba4a8583a40d3e8c6dde939dd85adc712dcb6e4b5?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/posts\/64344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/comments?post=64344"}],"version-history":[{"count":1,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/posts\/64344\/revisions"}],"predecessor-version":[{"id":64349,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/posts\/64344\/revisions\/64349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/media\/64302"}],"wp:attachment":[{"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/media?parent=64344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/categories?post=64344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/tags?post=64344"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/post_series?post=64344"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/ppma_author?post=64344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}