The battle between the US accounting regulator and industry firms on proposed rules to improve audit quality is getting fierce - column here from @stephenfoley. https://t.co/B4BriGdIKQ
#Business | Proxy advisory firm SES advises investors to vote against re-appointment of Godfrey Philips promoters on the board. @VARinthemaking reports š https://t.co/wfobcp59mG #GodfreyPhilips
Our @quotedcompanies members have strong views about the role of proxy advisers in UK public markets. I wrote about them in @CityAM as we publish a report with some solutions designed to improve stewardship, scrutiny and communication. #publicequity #growthcapital https://t.co/TjoyzN2I10

Proxy advisory firms are increasingly influencing corporate governance decisions, as evidenced by several recent developments. GAMCO has announced its firm opposition to the merger of Dril-Quip. Additionally, at the annual general meeting of Godfrey Phillips, three proxy advisory firms have recommended voting against the reappointment of Bina Modi. SES, another proxy advisory firm, has also advised investors to oppose the reappointment of Godfrey Phillips' promoters on the board. These actions highlight the growing power of proxy advisers, which has stirred concern among larger firms like JP Morgan and AstraZeneca, as well as smaller companies navigating the complexities of public equity markets. The debate over the role of these advisory firms continues to evolve, with discussions around improving stewardship and communication in UK public markets gaining traction.