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.”
