Proxy-Advisory Firms Disenfranchise Everyday Investors

Proxy-Advisory Firms Disenfranchise Everyday Investors

Traders work on the floor of the New York Stock Exchange in New York City, March 9, 2020. (File photo: Bryan R Smith/Reuters)

Corporations are increasingly beholden to proxy-advisory firms that often ignore the interests of everyday investors.

Corporate America’s proxy season is upon us, with most public companies preparing to hold their annual meetings. This year, an array of social activists and labor unions have called on asset managers to vote in favor of various socially oriented shareholder…

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Proxy-Advisory Firms Disenfranchise Everyday Investors

 

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