{"id":8607,"date":"2019-07-30T15:56:57","date_gmt":"2019-07-30T10:26:57","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=8607"},"modified":"2019-07-30T15:56:57","modified_gmt":"2019-07-30T10:26:57","slug":"sebi-should-handle-proxy-firms-disputes","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/sebi-should-handle-proxy-firms-disputes\/","title":{"rendered":"SEBI should handle proxy firms\u2019 disputes\u2019"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>Securities and Exchange Board of India(SEBI) had set up a working group on issues related to proxy advisors in 2018.The group was headed by Sandeep Parekh.<\/li><li><strong>Proxy adviser <\/strong>is a person who provides advice to institutional investors or shareholder of a company in relation to exercise of their rights in the company including recommendations on public offer or voting recommendation on agenda items.<\/li><li>The panel has proposed a code of conduct involving a comply or explain approach for proxy advisory firms wherein companies aggrieved by the view of proxy firms can approach the SEBI for redressal.<\/li><li>The panel has also proposed that all proxy advisors should have a publicly available conflict of interest policy.The policy should have a clear approach on managing concerns relating to independence that could impact their recommendations provided to clients.<\/li><li>The panel has also recommended proxy firms to have clear separation between the proxy voting advice to shareholders and the advice to listed companies regarding advisory services.<\/li><li>The panel has said the board of proxy advisors should be independent of its shareholders where such a position creates a serious conflict of interest.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Securities and Exchange Board of India(SEBI) had set up a working group on issues related to proxy advisors in 2018.The group was headed by Sandeep Parekh. Proxy adviser is a person who provides advice to institutional investors or shareholder of a company in relation to exercise of their rights in the company including recommendations on&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/sebi-should-handle-proxy-firms-disputes\/\">Continue reading <span class=\"screen-reader-text\">SEBI should handle proxy firms\u2019 disputes\u2019<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3731,3199],"class_list":["post-8607","post","type-post","status-publish","format-standard","hentry","category-economy","tag-proxy-firms","tag-sebi","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/8607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=8607"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/8607\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=8607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=8607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=8607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}