WebJun 27, 2024 · In CP19/21 the FCA proposes amendments to Annexes 1 and 2 of chapter 2 of the Decision Procedure and Penalties manual (DEPP) to set out the decision-making procedure for: removing a proxy advisor from the public list of proxy advisors. The FCA will use executive procedures to take the decision to remove a proxy advisor from this list; WebJul 13, 2024 · The proxy advisor rule shifts power to corporate management and away from investors by allowing corporations to inappropriately influence proxy voting advice and intimidate proxy advisors with the threat of litigation.”). See, e.g., Proposed Rule Amendments and Guidance Addressing Cross-Border Application of Certain Security …
FCA consults on Proxy Advisors (Shareholders’ Rights) Regulation ...
WebMay 27, 2024 · Executive Summary In July 2024, the Securities and Exchange Commission (SEC) adopted a final Proxy Advisor Rule, establishing principles governing the conduct … born 1936 age today
FCA consults on Proxy Advisors (Shareholders’ Rights) Regulation ...
WebJun 25, 2024 · Contrary to popular belief, I find that the proxy advice market has become less concentrated over the last decade. In 2007, ISS and Glass Lewis jointly controlled 96.5 percent of the market. The result shows that ISS is gradually losing market share to Glass Lewis and boutique proxy advisors. WebAug 18, 2024 · The U.S. Securities and Exchange Commission on July 22, 2024, adopted amendments tightening regulation of proxy voting advice from proxy advisory firms (Release No. 34‑89372). The final rule implements additional regulations for proxy advisory firms, but stops short of some of the proposals included in the SEC’s original proposal … WebAug 21, 2024 · The guidance clarifies how an investment adviser’s fiduciary duty and Rule 206(4)-6 under the Advisers Act relate to an adviser’s proxy voting on behalf of clients, … havelock inline font free download