Proxy adviser’s downgrades cost companies 1% of market value

Evidence demonstrates that investors’ behaviours change when the largest proxy advisory firm downgrades public companies’ rating on governance ground. Professor Paul M. Guest and PhD student Marco Nerino of King’s Business School at King’s College London empirically demonstrate that Institutional Shareholder Services‘ (ISS) announcement of corporate governance ratings downgrades has…

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“About the State-of-art of the Decree-Law for the Protection of Savings”, AIAF Nr.54, March 2005

The article “About the state-of-art of the Decree-Law for the Protection  of Savings” by Daniela Carosio, SVI Senior Partner, was published in the AIAF online review Nr. 54 as of March 2005. KEY INSIGHTS The Decree-Law “Provisions for the protection of savings and the regulation of the financial markets”, presented by united Committees VI…

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