Our Corporate Governance Expert Group advised on our response to the public consultation on best practice principles for governance research providers, which has resulted from ESMA's calls earlier in the year to develop a best practice code for proxy advisor firms. We note that there are fundamental problems with the process through which these draft principles have been developed. Most importantly, issuers and other stakeholders were not actively involved in the production of the draft principles or consulted with on them at an early stage. Furthermore, we believe there are many areas where these principles can be strengthened, as well as the need to address how they will be monitored and reviewed.
QCA Response to the Public Consultation on Best Practice Principles for Governance Research Providers
Our Corporate Governance Expert Group advised on our response to the public consultation on best practice principles for governance research providers, which has resulted from ESMA's calls earlier in the year to develop a best practice code for proxy advisor firms.
