Corporate Thinking on Proxy Access Undergoing `Sea Change,’ New York City Comptroller Stringer Says | Bloomberg BNA

In an interview, Scott Stringer talks about the “Boardroom Accountability Project.”

I wouldn’t say I’m an activist investor. But I am an active long-term investor with large holdings. When you think about our investments—we have shares in 10,000 companies worldwide, including 3,500 that are U.S. based—if we have concerns about the boards we can’t just walk away. So the only way we can protect long-term value is to be active owners and to make sure we have the right directors in the boardroom. And that’s why we have proxy access.

The progress has been remarkable.

In the fall of 2014 when we announced the Boardroom Accountability Project, only six companies had real proxy access. In just two years, we have seen that number grow to 235.

Source: Corporate Thinking on Proxy Access Undergoing `Sea Change,’ New York City Comptroller Stringer Says | Bloomberg BNA

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