Millstein Center Proposes Proxy Advisors Code of Conduct

On March 2, The Millstein Center for Corporate Governance and Performance at the Yale School of Management announced its proposal of an initiative "to boost transparency among institutional investors and the proxy voting services that advise them on relations with corporations." In this announcement, Millstein Center

• calls for more transparency from institutional investors regarding their proxy voting practices;
  
  
• proposes "the first industry-wide code of professional conduct for proxy services as a means of increasing transparency and policing conflicts of interest within the industry;" and
  
  
• introduces the Millstein Center's policy briefing, "Voting Integrity: Practices for Investors and the Global Proxy Advisory Industry."

The full text of the Millstein Center's March 2, 2009 press announcement is available at: http://www.mba.yale.edu/news_events/CMS/Articles/6763.shtml

The Millstein Center's publication, "Voting Integrity: Practices for Investors and the Global Proxy Advisory Industry," is available at: http://millstein.som.yale.edu/Voting%20Integrity%20Policy%20Briefing%2002%2027%2009.pdf