Major proxy advisory firm Institutional Shareholder Services (ISS) issues guidance every year for investors laying out ISS’ recommendations for voting on various shareholder issues. The 2022 US voting guidelines recommend voting in favor of appraisal rights when such rights are on the ballot. This is in line with the 2021 guidelines (which we covered). Continued support of appraisal rights is unsurprising as appraisal rights remain critical shareholder rights and can provide immense value to shareholders in varied situations, including as a check on minority shareholder oppression.