Institutional Shareholder Services Competitors

Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, institutional investors in the debt and private capital markets, and alliances and redistributors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $369 billion in AUMA as of Sept. 30, 2025. The Company operates through wholly-owned subsidiaries in 32 countries.

Glass Lewis is the world’s choice forgovernance solutions. We enable institutional investors andpublicly listedcompaniesto make sustainable decisions based on research and data. We cover 30,000+meetings each year, across approximately 100 global markets.Our team has been providing in-depth analysis of companies since 2003, relying solely on publicly available information to inform its policies, research, and voting recommendations. Our customers includethe majority ofthe world’s largest pension plans, mutual funds, and asset managers,collectivelymanagingover$40trillion in assets.We have teams located across the United States, Europe, and Asia-Pacific giving us global reach with a local perspective on the important governance issues. Investors around the world depend on Glass Lewis’ Viewpoint platform to manage their proxy voting, policy implementation, recordkeeping, and reporting. Our industry leading Proxy Paper product provides comprehensive environmental, social, and governance research and voting recommendations weeks ahead of voting deadlines. Public companies can also use our innovative Report Feedback Statement to deliver their opinion on our proxy research directly to the voting decision makers at every investor client in time for voting decisions to be made or changed. The research team engages extensively with public companies, investors, regulators, and other industry stakeholders to gain relevant context into the realities surrounding companies, sectors, and the market in general. This enables us to provide the most comprehensive and pragmatic insights to our customers. More information is available atwww.glasslewis.com

Morningstar Sustainalytics data and insights allow investors and companies to spend less time grappling with ESG and climate, and more time making the most of it. For over 30 years, Morningstar Sustainalytics has worked to put the promise of sustainable investing into practice: with deep data and end-to-end solutions that cover the entire investment value chain - from decision making, to monitoring and reporting. Whether it's providing climate and ESG data that creates transparency around company commitments and actions, to delivering reporting capabilities that help ensure compliance with evolving regulations, to partnering with issuers to bring investor-aligned sustainable bonds to market - our solutions help close the loop between insights and action. With offices in key financial markets, our clients benefit from global perspectives and deep local knowledge - enabling them to navigate domestic and regional ESG and climate complexities with confidence. Together, we're putting sustainability to work.