Connect with us

Business

Frydenberg’s proposed crackdown on proxy advisers dismissed as ‘Trumpian brainfart’ – The Guardian

Treasurer’s attack on sector comes after investor group said it would advise members to vote against directors who fail to tackle climate crisis

Published

on

Article feature image

A federal government proposal to place restrictions on firms advising super funds on how to vote at annual shareholder meetings has been slammed as a Trumpian brainfart that will chill free speech and increase costs.
In a press release issued late on Friday, the treasurer, Josh Frydenberg, proposed forcing proxy advisers to give their reports to the companies in question five days before they give them to their clients.
Proxy advisers provide advice to investors, including superannuation funds,…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

The big four banks and Macquarie offer these juicy dividend yields
2 quality ASX dividend shares for income investors next week