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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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