Global proxy advisory firms feel uneasy, India finds balanced solution

In US, prior to 2019, there were no formal regulations that dealt with proxy advisory firms. Two large proxy advisors followed general guidelines and best practices, but there were no specific rules

One half of America is celebrating Donald Trump’s election, while just about the other half bemoans his win. Corporate America is among those in a triumphant mood. They expect taxes to be lowered, tariffs to rise, regulatory cobwebs to be cleared, and bureaucracy to be streamlined, if not altogether axed. In contrast, there is a sense of disquiet among global proxy advisory firms — the narrow edge of the market in which my firm operates. They expect the Proxy Rules 2019, which were slowly being rolled back, to now have fresh life injected.

 

In the US, prior to 2019, there