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"We're a proxy adviser for the individual.
Now, a proxy adviser's recommendation can have a decisive effect on the reelection of directors of a company that failed its say-on-pay vote (most recently meaning less than 70% approval) during the previous year or that did not comply in all respects with other adviser voting policies.
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When faced with a negative proxy adviser say-on-pay recommendation or an activist shareholder seeking board seats, having ready access to key institutional investors can be vitally important.
Institutional Shareholder Services, a leading proxy adviser, has endorsed the Blackstone deal, and said that Dynegy's shares could fall to $2.66 if the offer is rejected.
A third proxy adviser, Egan-Jones, is recommending shareholders withhold votes on Armstrong, Belda, Deutch, Mulcahy and Andrew Liveris Andrew Liveris and Judith Rogan because of their association on the audit and risk committee during the boom years.
On Monday, Institutional Shareholder Services, an influential proxy adviser, plans to issue a recommendation on how Wachovia shareholders should vote.
The highest paid female CEO, IBM's Virginia Rometty, was paid $32.3 million last year, thanks in part to a stock-option award IBM valued at $12.1 million that was questioned by an influential proxy adviser and narrowly won shareholder approval.
All told, I.S.S. values SoftBank's bid at $6.45 a share, a level the proxy adviser finds reasonable.
That should signal to Transatlantic shareholders that their company could have gotten more in a sale, the proxy adviser said.
It hired Mackenzie Partners, a top American proxy adviser, to represent it only after it lost the first ruling in Delaware.
In a report this year, proxy adviser Institutional Shareholder Services said Buss did not meet its "more stringent criteria" as an independent director because he had served as an executive at SolarCity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com