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The Securities Edge Securities Blog for Middle-Market Companies

Tag Archives: Proxy Plumbing

Congress to the rescue?: Congressman hints at legislation to rein in proxy advisory firms

Posted in Corporate Governance

Who says Congress isn’t popular?  Well, Congress may become much more popular with public company executives if Congressman Patrick McHenry (R-NC) can make good on his recent promise to challenge the power of proxy advisory firms if the SEC doesn’t act.  In a recent keynote speech at an American Enterprise Institute conference on the role… Continue Reading

Are investors’ interests served by proxy advisory firms?

Posted in Corporate Governance

As we say “goodbye” to 2012 we say “hello” to another proxy season full of angst caused by the self-appointed czars of corporate governance, the proxy advisory firms.  Although ISS and Glass Lewis have been making voting recommendations for more than a decade, over the past two years their power over voting outcomes has increased. … Continue Reading