Tag: Proxy advisers

ICGN weighs in on US proxy adviser hearings
Governance body points to ‘misconceptions’ about the extent to which proxies affect investors’ voting decisions.

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

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

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

AGMs: Will changes to pre-emptive rights mean changes in votes?
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.

Proxy advisers hold less sway over AGM votes than thought
But shareholder revolts are more likely when both ISS and Glass Lewis make the same voting recommendation, finds FRC research.

Elon Musk weighs in against ISS and Glass Lewis
On Twitter, Musk complains that large proxy advisers hold ‘far too much power’ over shareholder voting decisions.

‘Poor’ proxy advisers ‘stifle’ investor stewardship
Many chairs believe the focus on compliance has led to the board’s relationship with institutional investors deteriorating, report finds.

Regulator to review impact of ESG ratings on firms
The FRC has commissioned a review to investigate how ESG ratings agencies and proxy advisers affect investment decisions.

Decrease in CEO pay variation blamed on ‘reciprocal benchmarking’
Chief executive pay deals in the US have begun to cluster around the same levels regardless of the size or profitability of the firms involved.