Proxy advisors take steps towards increased transparency
DECEMBER 21, 2015
The European Securities and Markets Authority (ESMA) today published its Follow-up Report on the development of the ‘Best Practice Principles for Providers of Shareholder Voting Research and Analysis’ (Principles) which looks at the proxy advisory industry’s progress in establishing and following a self-regulatory code of conduct.
Overall, ESMA finds that the industry is moving in the right direction but sees room for improvement in some areas. This assessment is necessarily preliminary given...
