This Research Spotlight provides a summary of the academic literature on the role of proxy advisors in the proxy voting process: The influence of proxy advisors on director elections, the influence of proxy advisors on say on pay, the influence of proxy advisors on proxy contests, and the influence of proxy advisors on compensation design. This Research Spotlight expands upon issues introduced in the Quick Guide “Investors and Activism”.
Copyright held by David F. Larcker and Brian Tayan. Further inquiries about reproduction and use should be directed to the Corporate Governance Research Initiative.
