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I. Introduction - Shareholder activism to further environmental, social, and governance (ESG) goals faces intense antitrust scrutiny in the United States. Some members of...
The Senate has overturned the proxy advice reforms announced at the end of last year, despite the new regime having already begun.
Today, a move to have the regulation disallowed was passed by the Senate. In December, Treasurer Josh Frydenberg announced new rules on proxy advisors
The proxy advice reforms aim to improve transparency and accountability across the sector and will force proxy advisers to be more independent from their institutional clients.
The Morrison government is working to bolster transparency and accountability when it comes to proxy advice services. Treasurer Josh Frydenberg, in a joint statement with financial services minister J