O impacto dos proxy advisors no governo societário

Abstract

Proxy advisors are companies dedicated to providing corporate consultancy services to shareholders and companies themselves through the issuance of voting recommendations to be exercised by shareholders at the general meeting, collecting and analyzing all the information necessary for this matter, and may even in certain cases materially exercise the right to vote on behalf of and on behalf of the shareholder. The influence of consultants on voting matters has grown despite repeated criticism of their performance and the excessive influence they exert on firm management, however, investors seem to consider these consultants a useful tool infulfilling their fiduciary duties, being the exercise of the vote one of them. Therefore, we propose to analyze the impact that proxy advisors have on law firms management in different aspects, analyzing and discussing the advantages and disadvantages of using this form of corporate governance outsourcing.

Date of Award	3 Mar 2023
Original language	Portuguese
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Ana da Paz Ferreira da Câmara Perestrelo de Oliveira (Supervisor)