Many of the panelists at the recent Bipartisan Policy Center / American Council for Capital Formation (archived video accessible via both links) discussion on corporate governance’s increasing role in public policy reportedly backed the notion of a new portal that would allow companies to review and respond to proxy advisors' recommendations before their proxy voting reports are finalized and published to their investor clients. BlackRock Vice Chairman Barbara Novick purportedly further advocated that proxy advisors be subject to the same disclosure requirements as the rest of the financial services industry. In addition to the proxy voting process, shareholder proposal reform was among the topics addressed.
Other esteemed panelists included Society President & CEO Darla Stuckey, US Chamber CCMC Tom Quaadman, CII Executive Director Ken Bertsch, AFL-CIO Deputy Director of Corporations & Capital Markets Brandon Rees, and former SEC Commissioners Elisse Walter and Troy Paredes.