Business
Proxy advice war: Jeremy Leibler claims the threat of a backlash derailed a CEO hire – The Australian Financial Review
Arnold Bloch Leibler partner Jeremy Leibler has been lobbying ASIC since 2015 to rein in proxy advice firms.
Based on the structure and size of the remuneration required to entice the businesswoman to Australia, Mr Leibler said the it was clear the proxy advisories would never engage on the structure of the deal and instead recommend institutional shareholders voice their opposition to such a salary package.
The organisation decided against hiring the woman out of a fear of retribution.
Thats just one example of many decisions where directors operate out of fear and in the short-term interest, rather than…
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