Proxy Advisory Firms And The ESG Risk
www.forbes.com/sites/waynewinegarden/2022/07/25/proxy-advisory-firms-and-the-esg-risk/?sh=1ee877d812d1
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Proxy advisory firms help institutional investors manage the herculean task that arises due to the requirement
Proxy advisory firms do the legwork and advise institutional investors on how to vote on the thousands of shareholder resolutions that arise every year
The two largest firms (ISS and Glass Lewis) control 97 percent of the proxy advisory market – effectively, the proxy advisory market is controlled by a duopoly.
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