Proxy Advisory Firms

Proxy advisory firms raise alarm on charges against Adani executives

'Allegations can have long-term impact on cost of borrowing'

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

Proxy firms give up a thumbs up to Tata Motors DVR conversion plan

Move, they say, will simplify capital structure and eliminate price discount

Proxy advisory firm urges Raymond's directors to probe assault allegations

CNBC TV 18 reported that Singhania has written to the company's board of the company assuring smooth functioning of business amid the ongoing separation with his wife

Vedanta's proposal to transfer Rs 12,587 cr gets proxy advisory firm's nod

Metals and oil conglomerate Vedanta Ltd's proposal to reorganise capital and transfer Rs 12,587 crore from general reserves to retained earnings has won the backing of US-based proxy advisory firm Glass Lewis. Vedanta has convened a meeting of shareholders of the company on October 11 for approval of a scheme of arrangement. In a notice to shareholders, Vedanta reasoned that the firm had over the years "built up significant reserves through transfer of profits". "The company is of the view that the funds represented by the general reserves are in excess of the company's anticipated operational and business needs in the foreseeable future, thus, these excess funds can be utilised to create further shareholders' value," it said. The transfer, it said, was in "the interest of all stakeholders of the company". The move essentially frees up cash reserves and allows companies to reward shareholders. In its recommendation on the issue, Glass Lewis said, it believes that management of th

Japan's Hitachi to suspend Russia operations after Ukraine request: Nikkei

Influential proxy advisory firm Institutional Shareholder Services (ISS) has advised against Toshiba Corp's break-up plan to be put to a vote on March 24, the Nikkei business daily reported

Sebi delays implementation of new norms for proxy advisors due to Covid-19

The new framework, which was to come into effect from September 1, will now be applicable from January 1, 2021

Sebi tightens the procedural guidelines for proxy advisory firms

Sebi has directed proxy advisors to share their report simultaneously with their clients and the company

Sebi asks proxy advisors to formulate voting recommendation policies

The new guidelines would come into force from September 1, the Securities and Exchange Board of India (Sebi) said in a circular.

Proxy advisor pulls up IndiGo promoters for poor board meeting attendance

While criticising warring IndiGo promoters Rahul Bhatia and Rakesh Gangwal for not attending board meets frequently, IiAS has also made a case for more independent directors on the board

Proxy advisory firms push for more changes in corporate boardrooms

Typically on boards of India Inc, non-independent director tend to hold on longer but serve on fewer boards than their independent counterparts

Test case for India's proxy advisory firms

The idea is to enhance corporate governance and empower minority shareholders

Proxy cloud on power plant deal between JSW, JSPL

Reappointment of auditors, Rs 7,500-cr fundraising and hiking of investment limits among resolutions taking a rap; JSW says deal on arm's length basis