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May 25, 2011

E&Y acquires Proxy Governance assets

Ernst & Young (E&Y) US has acquired the corporate governance team, a research application, and a database of corporate governance information from Proxy Governance (PG).

E&Y acquired these parts of PG to help it examine the governance and shareholder engagement needs facing boards and senior executives.

The PG team will join E&Y’s newly established corporate governance group to help clients address questions on executive compensation, board composition, social and environmental shareholder proposals and institutional voting policies raised by boards, audit committees and senior management.

E&Y senior vice chair of markets Tom McGrath said the corporate governance environment in the US and globally is in flux and “more than ever, boards need to be aware of shareholder perspectives and meaningfully engage with them.”

 

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