Our Corporate Governance Expert Group has advised on our response to the European Securites and Markets Authority's (ESMA) consultation – An Overview of the Proxy Advisory Industry – Considerations on Possible Policy Options.
We noted we strongly support anything that will encourage and facilitate investment into this often marginalised sector of the market. We also noted that we are concerned that voting advice given by proxy advisory firms is often too rigid and does not take into consideration the specific circumstances which apply to small and mid-size quoted companies.
