Preparing for the 2010 Proxy Season: RiskMetrics Updates Voting Policies
RiskMetrics Group, an influential proxy advisory service, recently issued updates on its proxy voting policies applicable to meetings of US companies held after February 1, 2010. The updates explain the basis for new or additional factors RMG evaluates in providing voting recommendations to its clients with respect to elections and proposals. The updates this year appear to be fairly modest. However, many of RMG’s policies continue to be vague, and the unknown as always lies in RMG’s discretionary application of its standards.
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