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Topic: Proxies

IAA Urges Senate Committee to Focus on Proxies, Not Proxy Advisory Firms

December 14, 2018
Stay away from proxy advisory firms and focus instead on repairing proxy infrastructure. That was the message the Investment Adviser Association sent in a letter this month to the Senate Banking Committee, which on the same day held a hearing on issues related to a bill that, if passed, would require proxy advisory firms to register with the SEC as investment advisers, meaning they would be subject to agency regulation.

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Proxy Advisory Firms Again Front and Center Following SEC Roundtable

November 30, 2018
The role of proxy advisory firms returned to center stage in recent days following an SEC roundtable that raised questions about the influence such firms have over advisers and funds, conflicts of interest, whether proxy advisers should be regulated, and more. As with a similar roundtable five years ago, viewpoints were aired, with questions remaining about what actions, if any, might be taken at some future date.

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SEC Withdraws Two No-Action Letters Regarding Use of Proxy Advisory Firms

September 21, 2018
The SEC on September 13 did something unexpected: It pulled two 2004 Division of Investment Management no-action letters concerning advisers’ use of proxy advisory firms in preparation for a planned November roundtable on the subject. What made the move unusual was not that the agency decided to supersede the letters, but that it did so by actually removing them, rather than simply issuing new guidance indicating a change of course.

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Proxy Advisory Firms Again Come Under the SEC Spotlight

August 3, 2018
Advisers’ use of proxy advisory firms, including the degree to which advisers follow proxy advisers’ recommendations when they vote, will again come before the SEC, as part of a planned roundtable on the proxy process this fall. Whether any changes will result is another matter.

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Guidance on Proxy Advisory Firms and Proxy Voting Issued by SEC Staff

July 11, 2014
The SEC has once again dipped its toe into the recently churned waters of proxy advisory firms and proxy voting – and is this time providing some answers.

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Role of Proxy Advisory Services Discussed and Debated at SEC Roundtable

December 12, 2013


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Proxy Advisory Firms and Their Role Up for Debate

November 15, 2013


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Reliance on Third-Party Proxy Advisory Firms Called into Question

July 19, 2013


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