Apple will hold its annual shareholder meeting in the first week of March and it s being reported this afternoon that proxy advisory firm Institutional Shareholder Services (ISS) is urging Apple Inc investors to vote against.
Push to kneecap super proxy advisers
Apr 30, 2021 – 9.30pm
Share
The influential advisory firm controlled by the $500 billion industry super fund sector would be kneecapped under a push by Treasurer Josh Frydenberg to regulate the way institutional shareholders vote on how companies deal with environmental, social and governance issues.
The proposed measures include forcing proxy advisers to give the companies they are reviewing a week’s notice of how they are recommending shareholders should vote and the research on which it is based. Firms would also have to give clients access to the company’s response.
Australian Council of Superannuation Investors president Ian Silk with chief executive Louise Davidson.