Home Economics Does Advice From Proxy Advisory Firms Really Help Shareholders?

Does Advice From Proxy Advisory Firms Really Help Shareholders?

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Good corporate governance is booming business for powerful proxy advisory firms – companies like RiskMetrics/Institutional Shareholder Services (ISS), and Glass, Lewis & Co., who influence key shareholder votes with their governance ratings on companies and recommendations on how shareholders should vote at annual meetings or on special issues such as takeover bids. But for public companies…

Does advice from proxy advisory firms really help shareholders?

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