Proxy Landscape – “The Times They are A-Changin”

I. Overview As suggested by the musician Bob Dylan, in the Proxy field, the times are changing. This installment aims to address some of those changes and, perhaps more importantly, implications for those connected to the corporate proxy space and the implications for this proxy season. Our view is simple, and that is that most […]

Mar 20, 2025 - 14:37
 0
Proxy Landscape – “The Times They are A-Changin”
Posted by Allison Wyderka and Wickham Egan, Egan-Jones Ratings Company, on Thursday, March 20, 2025
Editor's Note:

Allison Wyderka is the Head of Product and Research for Proxy Services and Wickham Egan is the Director of Business Development and Operations, at Egan-Jones Ratings Company. This post is based on their Egan-Jones memorandum.

I. Overview

As suggested by the musician Bob Dylan, in the Proxy field, the times are changing. This installment aims to address some of those changes and, perhaps more importantly, implications for those connected to the corporate proxy space and the implications for this proxy season.

Our view is simple, and that is that most investors seek to protect and enhance wealth. Hence, endorsing proposals in shareholder meetings that align with this focus makes sense. Additionally, as fewer asset managers gain market share from smaller ones, they can blunt criticism that they wield too much power by allowing investors to select votes themselves or, more realistically, rely on a third-party like Egan-Jones to do so.

(more…)