IRRC-Tapestry Report: “Voting Decisions at US Mutual Funds: How Investors Really Use Proxy Advisers”

Key findings of the interview-based research include:

1. Proxy firms’ role as data aggregators become increasingly important to asset managers
2. Proxy advisers’ influence extends well beyond the moment of voting, but mutual funds consider multiple factors
3. Asset managers have wide range of approaches to decision-making across the voting process
4.Three questions about level of internal deliberation on voting matters can help outside observers evaluate independence of asset managers' decisions

GMI Blog – “Shareholder Spring Comes to Japan… at Least at Mizuho Financial Group (Part 2)”

The following entry appeared as part of GovernanceMetrics International’s GMI Blog. GMI is the leading independent provider of global corporate governance and ESG ratings and research. Corporate stakeholders – including leading investors, insurers, auditors, regulators and others – use GovernanceMetrics services to identify and monitor risks related to non-financial measures covering key environmental, social, governance and accounting risk factors.

GMI Blog – “Shareholder Spring Comes to Japan… at Least at Mizuho Financial Group (Part 1)”

The following entry appeared as part of GovernanceMetrics International’s GMI Blog. GMI is the leading independent provider of global corporate governance and ESG ratings and research. Corporate stakeholders – including leading investors, insurers, auditors, regulators and others – use GovernanceMetrics services to identify and monitor risks related to non-financial measures covering key environmental, social, governance and accounting risk factors.

At Mizuho FG, Shareholder Proposals Make History: 7 Proposals Get 23% or Greater Support (Director Training Disclosure, 28%)

The results of voting on the 10 shareholder proposals submitted to Mizuho Financial Group's AGM have been been disclosed. In asignificant turn of events, no less than seven of the 10 proposals submitted by shareholders were supported by at least 23% of shareholders. Within that group, the highest support ratio (28%) was for the proposal that would have required Mizuho FG to disclose its policy with respect to director training, and actions taken to execute that policy each year.