Finance directors and investor relations professionals say new code has yet to change proxy advisers.
Investor relations professionals continue to be concerned about proxy advisers, despite the introduction of a new code of practice last year.
In response to a call for evidence, the Investor Relations Society said it was too early to say whether the Best Practice Principles (BPP) had produced any effect, but said its members continued to complain about proxy advisers.
The society’s submission was supported by the 100 Group of Finance Directors, a body representing FDs among FTSE 100 companies. The society’s evidence concluded: “…early indications from recent issuer member feedback suggests that the BPP has had no significant imp
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