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Authors
Abstract(s)
Os proxy advisors são empresas que se dedicam à prestação de serviços de
consultoria societária aos acionistas e às próprias sociedades através de emissão de
recomendações de voto a ser exercido pelos acionistas em sede de assembleia geral,
recolhendo e analisando toda a informação necessária para o efeito, podendo inclusive
em certos casos exercer materialmente o direito de voto por conta e em representação do
acionista.
A influência dos consultores em matéria de voto tem crescido apesar das repetidas
críticas quanto ao seu desempenho e à influência excessiva que estes exercem no governo
das sociedades, porém, os investidores parecem considerar estes consultores como uma
ferramenta útil no cumprimento dos seus deveres fiduciários, sendo o exercício do voto
um deles.
Assim, propomo-nos a analisar o impacto que os proxy advisors têm no governo
das sociedades nas diferentes vertentes, analisando e discutindo as vantagens e
desvantagens no recurso a esta forma de outsourcing de corporate governance.
Proxy advisors are companies dedicated to providing corporate consultancy services to shareholders and companies themselves through the issuance of voting recommendations to be exercised by shareholders at the general meeting, collecting and analyzing all the information necessary for this matter, and may even in certain cases materially exercise the right to vote on behalf of and on behalf of the shareholder. The influence of consultants on voting matters has grown despite repeated criticism of their performance and the excessive influence they exert on firm management, however, investors seem to consider these consultants a useful tool in fulfilling their fiduciary duties, being the exercise of the vote one of them. Therefore, we propose to analyze the impact that proxy advisors have on law firms management in different aspects, analyzing and discussing the advantages and disadvantages of using this form of corporate governance outsourcing.
Proxy advisors are companies dedicated to providing corporate consultancy services to shareholders and companies themselves through the issuance of voting recommendations to be exercised by shareholders at the general meeting, collecting and analyzing all the information necessary for this matter, and may even in certain cases materially exercise the right to vote on behalf of and on behalf of the shareholder. The influence of consultants on voting matters has grown despite repeated criticism of their performance and the excessive influence they exert on firm management, however, investors seem to consider these consultants a useful tool in fulfilling their fiduciary duties, being the exercise of the vote one of them. Therefore, we propose to analyze the impact that proxy advisors have on law firms management in different aspects, analyzing and discussing the advantages and disadvantages of using this form of corporate governance outsourcing.
Description
Keywords
Proxy advisors Consultores em matéria de voto Investidores institucionais Voto Assembleia geral Influência Acionistas Sociedades comerciais Corporate governance Recomendação Institutional investors Vote Shareholder’s general meetings Influence Shareholders Companies Recommendation