Glass Lewis, ISS, Manifest, Proxinvest and Pirc agree to abide by new principles that sees them reveal policies for managing potential conflicts of interest.
Proxy advisors this week took an important toward demonstrating they have heard recent criticism as some of the largest became signatories to a new code of best practice.
Complaints about proxy advisers—consultancies that advise shareholders how to vote on resolutions at annual general meetings—has been under way for some time, especially in the US where the debate has been vociferous and seen calls for major regulatory change.
This week, the biggest firms—Glass Lewis, ISS and Manifest, along with Proxinvest and Pirc—agreed to abide by new principles that sees them reveal policies for how to deal with potential conflicts of inte
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda