Opinion

When AI decides how shareholders vote, boards need to rethink governance

Proxy advisors are moving away from one-size-fits-all recommendations, large investors are building internal capabilities, and now AI is on the scene.
JD Supra

SEC Investment Management Director Questions ‘Vote-All’ Proxy Practices and Adviser Reliance on Proxy Advisors

Rule 206(4)-6 under the Investment Advisers Act requires a registered investment adviser with proxy voting authority to adopt ...
JD Supra

Revisiting RIA Proxy Voting Responsibilities

Division of Investment Management (the “Director”) gave remarks this month regarding registered investment advisers (“RIAs”) and their proxy voting responsibilities in which he suggested, among other ...

JPMorgan Chase Says AI Can Replace Proxy Advisers, but Others Have Their Doubts

The bank's CEO, Jamie Dimon, speaks contemptuously of the proxy advisory firms—which provide voting guidance to institutional ...
Morningstar

Independent Proxy Advisory Firm ISS Recommends Shareholders Vote “FOR” Plan of Arrangement With Blue Ant Media Corporation

Leading independent proxy advisor says offer provides meaningful 50% premium to Thunderbird Entertainment Inc.’s share price on the date prior to the announcement Shareholders are encouraged to vote ...
Opinion

Egan-Jones: Asset Managers Move Away from Structurally Conflicted Proxy Advisors

Egan-Jones notes that a second large U.S. bank has announced that it is moving away from a major proxy advisor, underscoring growing concerns about structural conflicts in the U.S. proxy system. A ...