Hints and tips:
...It also sells technology used by thousands of institutional investors and financial advisers worldwide....
...The two biggest proxy advisers have urged AIG shareholders to vote against its chief executive’s $50mn pay award, saying the special five-year scheme is excessive and not sufficiently tied to performance...
...Santander is facing a potential shareholder rebellion at its annual general meeting this month after influential proxy adviser ISS recommended that investors vote against executive chair Ana Botín’s pay...
...Blackstone has been criticised for watering down investors’ voting rights in the past....
...In a further challenge for the company, Agrawal faces a potential investor revolt at the company’s annual meeting later this month over his $30.4mn pay package, after the two biggest shareholder advisers...
...(Institutional Investor) — The short journey from being a Manchester United superfan to becoming a massive conspiracy theorist who believes Davos actually matters (The Economist) — The supposed performance...
...Republican state attorneys-general in the US have taken aim at corporate proxy advisers, challenging Institutional Shareholder Services and Glass Lewis over their recommendations tied to climate and social...
...Asset managers and pension funds complained that the requirement limited the advisers’ independence and did little to protect investors....
...Gary Retelny Retelny has for more than a decade led one of the two least-appreciated power brokers of the investment industry, proxy adviser Institutional Shareholder Services....
...Traditional asset managers feel they are well placed to offer alternatives to the wealthy investors they serve either directly or through financial advisers....
...The proposal aimed to give companies two chances to see proxy advisers’ reports before they are finalised and sent to investors....
...“It’s Christmas in June for investors,” said Amy Borrus, executive director of the Council of Institutional Investors....
...Institutional Shareholder Services and Glass Lewis, two influential advisers to many of the world’s biggest asset managers, have proposed that investors vote against the re-election of Carol Kane, co-founder...
...However, Institutional Shareholder Services and Glass Lewis, influential advisers to investors, have recommended shareholders vote against it, flagging concerns about the cinema chain’s long-term incentive...
...Investors included Silver Lake and Andreessen Horowitz, the institutional investors T Rowe Price and Fidelity, and the car groups Magna and AutoNation....
...Big proxy advisers, which issue guidance to investors, have recommended opposing it. “We are voting against the remuneration because it is just nonsense,” said one large shareholder....
...And then America’s furious pace of vaccinations buoyed hopes for the travel industry, allowing cruise companies and airliners to raise billions of cheap capital from flush institutional investors....
...The trend has been most apparent in the auto tech sector, where institutional and retail investors eager to find the next Tesla have ploughed in cash....
...But Institutional Shareholder Services and Glass Lewis, influential proxy advisers that issue recommendations on votes at annual meetings, urged shareholders to rebel at the two companies’ AGMs this month...
...When he debuted the proposal in November, Mr Clayton highlighted several letters from ordinary investors who seemed to express concerns about proxy advisers....
...investors who rely on proxy advisers....
...institutional investors....
...The plans are likely to be met with fierce opposition from proxy advisory firms like Institutional Shareholder Services and Glass Lewis, which advise investors on how to vote on company proposals....
...ISS said it “believes that the institutional investor clients of proxy advisers are the ultimate arbiters of the quality of the services they chose to buy and use, and that further regulation is not necessary...
...In a letter to the regulator last week the Council of Institutional Investors, which represents big public and private retirement funds, warned the regulator that its guidance for proxy advisers “may make...
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