FYI: The U.S. Securities and Exchange Commission on Wednesday proposed new guidance that aims to clarify how investors and advisory firms that vote on their behalf should cast their votes in corporate elections on issues like pay and diversity.
The guidance, which expands previous 2014 guidance on voting in corporate ballots, addresses some of the grievances U.S. corporations have long had about so-called proxy advisers, such as mistakes in reports the advisers issue on specific companies and conflicts of interest in their business models.
Regards,
Ted
https://www.reuters.com/article/usa-sec-proxy-advisors/u-s-markets-regulator-proposes-new-guidelines-on-shareholder-advisers-idUSL2N25G0NU
