Date: March 20, 2013
Issue: Corporate Governance
To: The Honorable Tim Johnson, The Honorable Michael Crapo, The Honorable Jeb Hensarling, and The Honorable Maxine Waters
Filing Type: Congressional
Description: CCMC released a report entitled “Best Practices and Core Principles for the Development, Dispensation, and Receipt of Proxy Advice,” . The lack of transparency and accountability of proxy advisory firms is a troubling trend that can undermine confidence in, and stall progress of, strong corporate governance.