The two major proxy advisory firms – Glass Lewis and Institutional Shareholder Services – have announced their intention to offer multiple perspectives to clients rather than single voting recommendations – see, for example: https://www.ft.com/content/7860f94c-7b1c-49c9-9f4c-a561ee39ee31
Proxy advisory firms that provide general guidance on corporate governance, diversity and environmental practices will create measurably more shareholder value for investor clients than proxy advisory firms that provide specific voting recommendations.
Companies that scale back on their diversity, equity, and inclusion initiatives are likely to see a measurable improvement in their corporate value and performance.
The combination of scientific progress, technological innovation, and openness to new ideas underpinned the emergence of sustained economic growth in the Industrial Revolution.
The process of creative destruction – in which innovation continually leads to the disruptive displacement of existing jobs, products, firms, and industries – has been a substantial contributor to sustained economic growth.
