Proxy Advisors: A rigorous monitoring of the Board of Directors

In a recent chat with the magazine Consejeros, Borja Miranda, Director Morrow Sodali Spain, was asked to comment on board dinamycs and corporate governance matters: "The influence of proxy advisors has grown to the extent that their voting recommendations can sometimes decide the outcome of a shareholders’ meeting or extraordinary corporate transaction. While the benefits of their rigid approach to corporate governance are a matter of debate, Boards are recommended to take decisive action to mitigate the risk they pose."

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