SEC Guidance May Lessen Investment Adviser Demand for Proxy Advisory Services
Pulled from Harvard Law School's Forum on Corporate Governance and Financial Regulation, this article discusses recent SEC guidance related to investment adviser demand for proxy advisory services. We have noticed an increased concern amongst our public company clients about the growing influence and perceived power of proxy advisors, as well as the methodology behind their ever-changing policies and procedures. The article addresses the corporate community's actions as it works to highlight this growing influence, as well as the SEC's corresponding response through recently published guidance relating to both proxy firms and their investor clients.
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