ISS Criticizes Sculptor Capital’s Compensation Structure and Opposes Re-election of Chair

The 26-page report was critical of the listed firm’s “sizable guaranteed bonuses and the lack of a cap on the CIO’s bonus,” in addition to the lack of transparency for performance-based compensation.

Sculptor headquarters in New York City (Andrew Harrer/Bloomberg)

Sculptor headquarters in New York City

(Andrew Harrer/Bloomberg)

One of the most influential proxy advisory firms fired off a report critical of several of Sculptor Capital Management’s compensation practices and recommended shareholders oppose the re-election of chairperson Marcy Engel at the hedge fund firm’s annual meeting on Thursday.

In a 26-page report fired off by ISS and obtained by Institutional Investor from an independent source, the proxy firm was critical of Sculptor’s “limited responsiveness” to last year’s low say-on-pay vote and asserted there are “significant concerns surrounding the structure of the bonus program.”

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