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‘Non-neutral’ US rules on proxy advisers come under fire
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‘Non-neutral’ US rules on proxy advisers come under fire
Save A leading UK shareholder engagement specialist has accused the US of instigating new rules for proxy advisers that constitute a “a rejection of democratic accountability”. Sarah Wilson, chief executive of shareholder advisory firm Minerva, argues in the Financial Times that moves to impose new rules on proxy advisers “misrepresent” their work. Wilson writes: “These are not neutral regulatory improvements. They are efforts to shift power fro…
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