by Sadakazu Osaki
ISS and other proxy advisory firms' influence has been growing in recent years. ISS's recent recommendation to vote in favor of a shareholder proposal at Kuroda Electric's high-profile general shareholder meeting apparently influenced many shareholders' votes. Authorities should consider regulating proxy advisory firms to ensure the adequacy of their controls to prevent conflicts of interest and arbitrary or misinformed recommendations.
*Organization names and job titles are current as of the publishing dates
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