Vinson & Elkins Partner Jon Solorzano spoke with FT Agenda about the declining influence of proxy advisors like ISS and Glass Lewis on shareholder voting on ESG proxy proposals, and what it means for the upcoming proxy season.
Solorzano explained that advances in AI tools are making it easier for investors to run their own proposal analysis rather than rely on outside recommendations. “It’s less cumbersome for individual investors to bring some of this analysis in-house,” he said. He added that investors are far less monolithic than they were even a couple of years ago, and that weaker signals from shareholder proposals may make it harder for companies to understand the reasons behind investor displeasure.
Read more here.
Jon Solorzano is a partner and co-head of Vinson & Elkins’ ESG Taskforce. His practice focuses on advising public and private companies on a wide range of ESG, corporate governance, and shareholder activism matters.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
For more information, please speak with our media contacts.