Why CII's Members Are Against the Reform of Proxy Advisers

The video discusses the issues surrounding proxy advisory firms, focusing on the need for transparency and accuracy. It highlights the debate over independent research and the potential problems with vetting by companies. The rise of activism has changed the dynamics between companies and shareholders, leading to asymmetric relationships. The video also addresses the risks of misinformation in proxy fights and the challenges of shareholder engagement. Finally, it emphasizes the importance of accountability in an era of information overload.

In what way has the relationship between companies and proxy advisory firms changed due to activism?

What challenges do shareholders face in making decisions according to the text?