Asset Management Partner Paulita Pike Discusses SEC Proxy Advisor Guidelines in Ignites

An article published by Ignites on Aug. 22 titled “SEC Lays Out How to Use Proxy Advisors, Protect Fiduciary Role” discusses how new SEC guidance does not impose new requirements on asset managers or their service providers, but instead aims to provide ways for shops to oversee proxy advisory firms and fulfill their fiduciary duties to clients. The article includes insights from asset management partner Paulita Pike. These new principles may cause some proxy advisory firms to reconsider sticking with the business, or “rethink the kind of information they provide to asset managers,” says Ms. Pike in the piece.