Investors fight SEC curbs on ESG motions
The latest battle in the campaign to weaken corporate governance standards in the US is being fought over rule changes that would make it harder for investors to propose motions at shareholder meetings. The ‘proxy advisers’ so central to US governance also face new restrictions.
A crucial issue in the debate is how much importance large investment firms place on shareholder motions as a means of engaging with companies about environmental, social and governance (ESG) performance.Some big investors such as BlackRock have been traditionally wary of motions, voting against many of them and ...
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