Controlled Report
Controlled Companies in the Standard & Poor’s 1500:
A Ten Year Performance and Risk Review
October 2012
The analyses, opinions and perspectives herein are the sole responsibility of the authors. The copyright for this report is held by IRRC Institute. The material in this report may be reproduced and distributed without advance permission, but only if attributed. If reproduced substantially or entirely, it should include all copyright and trademark notices.
For more information, please contact:
Jon Lukomnik, Executive Director IRRC Institute
One Exchange Plaza, 55 Broadway, 11th Floor New York, NY 10006
(212) 344-‐2424 info@irrcinstitute.org www.irrcinstitute.org
Sean Quinn, Vice President ISS | An MSCI Brand 702 King Farm Boulevard, Suite 400 Rockville, MD 20850 (301) 556-‐0378 sean.quinn@issgovernance.com www.issgovernance.com
2
Executive Summary
At most U.S. firms, ownership is dispersedly-‐held and voting power is proportionate to capital at risk. At a minority
A Ten Year Performance and Risk Review
October 2012
The analyses, opinions and perspectives herein are the sole responsibility of the authors. The copyright for this report is held by IRRC Institute. The material in this report may be reproduced and distributed without advance permission, but only if attributed. If reproduced substantially or entirely, it should include all copyright and trademark notices.
For more information, please contact:
Jon Lukomnik, Executive Director IRRC Institute
One Exchange Plaza, 55 Broadway, 11th Floor New York, NY 10006
(212) 344-‐2424 info@irrcinstitute.org www.irrcinstitute.org
Sean Quinn, Vice President ISS | An MSCI Brand 702 King Farm Boulevard, Suite 400 Rockville, MD 20850 (301) 556-‐0378 sean.quinn@issgovernance.com www.issgovernance.com
2
Executive Summary
At most U.S. firms, ownership is dispersedly-‐held and voting power is proportionate to capital at risk. At a minority