Analysis of 2020 Proxy Season Shows Proxy Advisory Firms Still Issuing Contested Recommendations
2020 Proxy Season Analysis Shows Companies Believe Errors Continue , analyzes companies' supplemental filings during the 2020 proxy season and finds at least 42 instanceswhere proxy advisors have formulated recommendations based on alleged errors or analytical flaws disputed by companies.
- 2020 Proxy Season Analysis Shows Companies Believe Errors Continue , analyzes companies' supplemental filings during the 2020 proxy season and finds at least 42 instanceswhere proxy advisors have formulated recommendations based on alleged errors or analytical flaws disputed by companies.
- The report comes shortly before the Commission is scheduled to vote on whether to finalize their proposed rule on proxy advisors and whether to adopt supplemental guidance regarding investment advisers proxy voting responsibilities.
- 2020 Proxy Season Analysis Shows Companies Believe Errors Continue
ACCF undertook a search of the SEC's EDGAR database through July 9 and found 42 examples of public companies filing supplemental proxy materials during the 2020 proxy season, in order to correct the record regarding a proxy advisory firm vote recommendation. - Specifically, the data includes only those companies that have taken the extraordinary step of filing a supplemental proxy.