Regulators train their guns at proxy advisers

Proxy advisers – companies that advise institutional investors how to vote when listed firms hold a ballot – are opaque, bureaucratic and inept. Time for a clampdown, says Stephen Connolly.

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Warren Buffett : accused of a conflict of interest at Coca-Cola

The companies that advise institutional investors how to vote when listed firms hold a ballot are opaque, bureaucratic and inept. Time for a clampdown, says Stephen Connolly.

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Investment columnist

Stephen Connolly is the managing director of consultancy Plain Money. He has worked in investment banking and asset management for over 30 years and writes on business and finance topics.