The drafting and release of the Principles has attracted global interest. The following links are a selection of the coverage received. If you are a member of the press with a question about the Principles please contact committee (at) bppgrp (dot) info

Press Releases

July 2019: BPP Group launches new 2019 Best Practice Principles for Shareholder Voting Research Analysis Download
July 2019: Report of Independent Review Chair Download
October 2018: Appointment of New Independent Review Chair Download
April 2017: Appointment of Review Chairman Download
February 2015: Feedback & Reporting Procedures Download
May 2014: Report of Chairman Download
May 2014: Position Paper – Shareholder Rights Directive Update Download
March 2014: Final Release of Principles Download
October 2013: Consultation Announcement Download

Coverage

Proxy advisers sign up to tougher scrutiny

July 2019|Financial Times

Big proxy advisers in Europe have agreed to greater independent scrutiny as the sector scrambles to respond to allegations that it wields too much power.

…This week, Institutional Shareholder Services, Glass Lewis and three other companies agreed to a series of updated principles, as well as supervision from an independent committee set up to oversee businesses involved in shareholder voting.

Proxy firms group renew self-regulated code of conduct with investor input

July 2019 | Responsible Investor

A reviewed version of the so-called Best Practice Principles (BPP) for Shareholder Voting Research Providers has been published after a two-year consultation period by the group of five firms that sponsor them link.

Thomson-Reuters Practical Law Corporate (£)

April 2017 | Review of the best practice principles

The Best Practice Principles Group for Shareholder Voting Research has announced a review of its best practice principles for shareholder voting research and analysis.

Global Proxy Watch ($)

April 2017 | Advisors Revise

The Best Practice Principles Group of five proxy advisors said today it will open an independent review of the principles launched in 2014 to assess their implementation and address requirements in the European Union Shareholder Rights Directive ratified earlier this month (GPW XX-31). The review will be chaired by former UK Financial Reporting Council staff governance head Chris Hodge.

Responsible Investor (£)

April 2017 | Chris Hodge to steer review

“Corporate governance expert Chris Hodge – who was instrumental in the creation of the world’s first Stewardship Code while he was at the UK’s Financial Reporting Council – is in charge of reviewing the European proxy industry’s best practice code”

Wedlake Bell Legal Knowledge Portal

July 2014 | The proxy advisory industry takes a big step forward
“We are both hopeful and confident that the application of these Research Provider Principles will improve the quality of the corporate governance debate.”

Harvard Corporate Governance Blog

June 2014 | Dirk Zetzsche

DusLaw

May 2014 | Dirk Zetzsche

Linklaters

March 2014 | UK Corporate Update

New guidance for proxy advisors to improve issuer-investor relations

“The new principles should promote higher standards, greater consistency and increased transparency for both investors, who rely on their research when making voting decisions, and issuers, who may now find it easier to engage with such advisors.”

Proxy advisors: i nuovi Best Practice Principles for Shareholder Voting Research

5th March 2014 | Diritto Bancario

Proxy Advisers Dodge Draconian Regulation

24th February 2014 | Financial Times

Proxy group poised to pitch international code of conduct

17th February 2014 | Financial News

Proxy advisory group aims to ‘bust’ sector myths

30th October 2013 | Financial News