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Rule changes to proxy voting, will it help or hinder activism
In simple terms, proxy voting is a vote that is cast by one person on behalf of another. Proxy voting is a vitally important part of corporate governance and is applied by means of the proxy statement. Proxy voting is a type of voting procedure in which members of a decision making body delegate their voting power to other members of the same body so that the second party may cast the vote of the first in their absence.
Do we need to regulate the proxy advisory sector?
By Felix Marks - Felix.Marks@EthicalBoardroom.com In the US the Securities and Exchange Commission (SEC) is preparing to review new recommendations regarding regulatory procedures and actions...