New rules on voting advice based on non-financial factors ‘misrepresent’ proxies’ work, claims advisory firm’s UK lead.

Governance body points to ‘misconceptions’ about the extent to which proxies affect investors’ voting decisions.

In the face of strong right-wing opposition, DEI is still a key measure used in executive pay schemes, research finds.

In the 2024 AGM season, for the first time in more than a decade, shareholders passed 100% of FTSE 100 management resolutions.

Very few investors use their AGM votes on executive pay as a spur to improve the company’s ESG performance, research shows.

New FRC guidance may affect how investors vote at UK AGMs, so boards should look to build shareholder trust by using their new powers wisely.

But shareholder revolts are more likely when both ISS and Glass Lewis make the same voting recommendation, finds FRC research.

On Twitter, Musk complains that large proxy advisers hold ‘far too much power’ over shareholder voting decisions.

Many chairs believe the focus on compliance has led to the board’s relationship with institutional investors deteriorating, report finds.

The FRC has commissioned a review to investigate how ESG ratings agencies and proxy advisers affect investment decisions.