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Capital Markets & IT -lakyara vol.224 Capital Markets

Time to look at regulating proxy advisory firms

Sep. 30, 2015

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ISS and other proxy advisory firms' influence has been growing in recent years. ISS's recent recommendation to vote in favor of a shareholder proposal at Kuroda Electric's high-profile general shareholder meeting apparently influenced many shareholders' votes. Authorities should consider regulating proxy advisory firms to ensure the adequacy of their controls to prevent conflicts of interest and arbitrary or misinformed recommendations.

About the Author

Sadakazu Osaki

Head of Research

Center for Strategic Management & Innovation

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