Corporate governance: five new features for the 2024 AGM season

To gauge the market's temperature and predict where it will set the bar in 2024, it is essential to start by analyzing the expectations set by proxy advisors. These advisors, who work for institutional shareholders, analyze the corporate governance of listed companies and recommend what to vote for at meetings. Due to their high degree of influence, they tend to set the pace of the market. 

Therefore, knowing their new point of view is critical to anticipate the behavior of institutional shareholders. Eduardo Sancho Garcia, Corporate Governance Manager at Morrow Sodali, outlines his views in this interview with Spanish El Confidencial.

According to the new voting policies of the international advisors ISS, Glass Lewis, and the Spanish advisor Corporance, five major developments are anticipated in 2024. These are the publication of non-financial information, dialogue with shareholders, accountability for different voting rights, expertise and dedication of directors, and executive remuneration. These developments reflect the increasing influence of corporate governance on shareholder voting and the growing scrutiny of issues such as sustainability and stakeholder engagement.

Click here for a more detailed analysis (in Spanish).