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08 February 2024 • Articles

O Globo

Compensation policy and climate-related issues are in the sights of proxy advisors at general meetings

In Brazil, publicly traded companies face increasing scrutiny over executive compensation and board composition ahead of the 2024 shareholder meetings. Morrow Sodali highlights these concerns, alongside climate change and cybersecurity risks, based on its assessment of updates in the policies of major proxy advisory firms. International investors, relying heavily on these firms for voting guidance, seek transparency and accountability, especially regarding compensation and climate impact. Morrow Sodali emphasizes the importance of justifying compensation proposals and ensuring board independence. Glass Lewis and ISS, key players in proxy advisory services, underscore the significance of climate risk assessment and transparent cybersecurity measures. These factors underscore the evolving landscape of corporate governance and investor expectations in Brazil.
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