Ep.37 – Michael Cappucci on Proxy Advisors

Michael Cappucci, managing director for compliance and sustainable investing at Harvard Management Company, joins the Business Scholarship Podcast to discuss his new paper The Proxy War against Proxy Advisors. In this paper, Cappucci traces the growing influence of proxy advisors and addresses common criticisms about their business practices, accuracy, and role within U.S. corporate governance. He considers recent proposed regulations affecting the proxy-advisor industry and evaluates their likely effects on corporate governance and institutional shareholders and asset managers. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.