Proxy Governance, Inc.

Proxy Governance, Inc., was one of four prominent independent proxy advisory services (proxy firm) in the United States. (The others are Glass Lewis & Co., Egan-Jones Proxy Services and Institutional Shareholder Services, Inc.) As such, it provided proxy voting recommendations on U.S. and non-U.S. publicly reporting companies. Additionally, it provided an online voting platform that permits clients to vote their shares.

The company was often quoted in the media when they issue recommendations to shareholders during high-profile proxy fights, and in cases involving proposed mergers and acquisitions.

Demise

In February 2011, PGI was acquired by Ernst & Young.[1] Prior to the acquisition, the firm had transferred their client base to Glass Lewis,[2] and ceased operations.[3]

References

  1. ↑ "Proxy Governance, Inc.". Company Profiles. Bloomberg Businessweek. Retrieved 3 April 2012.
  2. ↑ "Glass Lewis Announces Agreement With PGI" (Press release). Glass Lewis. 20 December 2010. Retrieved 3 April 2012.
  3. ↑ "Proxy Governance homepage". Proxy Governance, Inc. Retrieved 3 April 2012.

External links

This article is issued from Wikipedia - version of the 5/31/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.