Tag Archive for ‘Institutional Shareholder Services’
Shareholder proposals on social and environmental issues constitute about half of all resolutions in the 2011 proxy season and have become a serious strategic consideration for corporate boards and their members, according to a new report from the consulting firm Ernst & Young. “The degree of support for these types of resolutions is growing among mutual funds and other important investors,” the report finds.
Proxy advisory services play a key role because institutional holders turn to them for advice when voting billions of shares at annual meetings. Questions are now being raised about the influence of the services and whether more formal oversight is needed. As a result, proxy advisory services may be about to start receiving their own report cards for a change.
A confrontation between The Walt Disney Company and Cablevision means more than 3 million New York-area homes may not be able to see the 82nd Annual Academy Awards. Language used by the corporate combatants hints at progress in the movement toward corporate governance reform.