1. Proxy Advisors are a Weak Link in Ratification of Corporate Auditors, New Research Finds

    Proxy Advisors are a Weak Link in Ratification of Corporate Auditors, New Research Finds

    Why are the advisors’ recommendations so rarely against approval? Even in a field as accustomed to litigation as corporate auditing, PricewaterhouseCoopers may be setting a record these days, beset, as it has been, with concurrent multibillion-dollar lawsuits for its role in three major company bankruptcies...

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    1. If ratification votes are to be meaningful, there needs to be an informed shareholder electorate. To that end, corporate audit committees should be more forthcoming and explicit about their auditor interactions than they have traditionally been.
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