Tag: Proxy advisers
ISS policy change puts nomcos under pressure to boost gender diversity
US proxy advisory firm will advise shareholders to vote against nomination committee chairs where there are no female board directors.
ISS launches lawsuit against the SEC over proxy adviser guidelines
The proxy advisory firm has asked that new regulatory demands be set aside, claiming the watchdog “lacks authority” and its actions are “contrary to law”.
Board independence revealed as key issue for investors in 2020
Nearly two-thirds of investors say proxy adviser ISS should recommend voting against the election or re-election of a board chair if they are not “independent”, regardless of the overall independence of the board.
New SEC guidance increases pressure on proxy advisers over disclosures
US financial watchdog warns that investment firms using proxy advisers must “ensure the use of advice is consistent with their fiduciary duties”.
Top proxy advisers sign up to new code of practice
Glass Lewis, ISS, Manifest, Proxinvest and Pirc agree to abide by new principles that sees them reveal policies for managing potential conflicts of interest.
Battle for the future of proxy advisers
The US is witnessing a fraught debate over the role of proxy advisers, including efforts to introduce new regulation. The debate continues this week at a Securities and Exchange Commission roundtable.
Shareholder Rights Directive goes live
European Council formally adopts the Shareholder Rights Directive, giving shareholders the right to vote on company remuneration policies.
ISS cuts support for activist investors
World’s leading proxy adviser ISS is in the process of changing its relationship with activist investors.
Proxy adviser complaints continue
Finance directors and investor relations professionals say new code has yet to change proxy advisers.
Insights from the ICGN conference 2015
The International Corporate Governance Network conference produced tough debate on legal action, shareholder voting, JP Morgan’s Jamie Dimon and audit committees.