Institutional Shareholder Services advised Richemont investors to vote against Chairman Johann Rupert and board member Anton Rupert’s reelection at September’s AGM. ISS cited concerns over unequal voting rights where the Rupert family holds 9.1% equity but controls 50% of voting rights. The proxy advisor also opposed proposed executive committee bonuses totaling 30.6 million Swiss francs ($38 million), criticizing lack of disclosed performance targets for variable pay. The governance concerns highlight ongoing tensions between shareholder democracy and family control structures in luxury conglomerates. Richemont has not commented on the ISS report.