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It will be business as usual in proxy status quo

  • 📰 FinancialReview
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  • News: 13%
  • Publisher: 90%

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Proxy advisers were never as influential as the government’s reforms made out. But they play an important role for those ignored in this battle: investors.

– the lack of evidence of a serious problem always stood out.

Most advisers also already provided their research to the companies they covered, albeit not always on the same day it was provided to their clients.The corporate regulator had previously looked at concerns involving the influence and accuracy of proxy advisers and found no issues. The explanatory memorandum for the regulations even notes that of the thousands of proxy reports published in the past three years, ASIC received just 13 complaints about three reports.

 

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