Regulation by proxy?

Naomi Rainey on the latest in the European proxy market

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Last week, the European Securities Market Authority published the results of its investigation into the EU proxy market. With this year's annual general meeting season lurking over the horizon, it's a good time to inject some confidence into the market.

Unfortunately, that wasn't quite the outcome of the report. While there were no market failures that demanded regulatory intervention, there were concerns of the independence, accuracy and reliabil...

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