Should Proxy Advisory Firms Be Regulated? Yes.

Discussion transcends a specific country value to be valuable to all.   Good read.  Small business of-interest

Excerpt:  The use of and reliance upon ratings and proxy advisory services by institutional shareholders should also be transparent and accessible on the institutional shareholder website. (See the above paper.)

Boards of directors criticize proxy advisory firms for their ‘check the box’ and ‘one sized fits all’ approach to corporate governance; the enormous influence that they have; and their lack of transparency and accountability – in the governance field – when these firms and shareholders they serve insist on it from others. It seems to me that there is merit in concerns that boards have.

Read full article via Governance Gateway Blog » Should Proxy Advisory Firms Be Regulated? Yes..  From Dr. Richard LeBlanc

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