ecoDa's response to “the Best Practice Principles for Providers of Shareholder Voting Research and Analysis”:

Our vision

15.12.2017

ecoDa applauds the initiative taken by the proxy advisors’ industry to revise their Best Practice Principles for Providers of Shareholder Voting Research and Analysis.

This review is not only timely because of the Shareholders’ Rights Directive, but it responds also to a broader demand from the corporate world to apply similar transparency and independence rules to all actors in the governance of listed companies.

This response expresses the views of:

·The Belgian “GUBERNA”

·The French “IFA”

·The Luxembourg “ILA”

·The “Slovenian Directors' Association”

·The British "Institute of Directors" (IoD)

·The “Norwegian Institute of Directors”

·The Swedish “StyrelseAkademien”

·“Vereinigung der Aufsichtsrate in Deutschland” e.V., VARD

·The Dutch “Nederlandse vereniging van Commissarissen en Directeuren”

·The Italian Directors’ Association, “Nedcommunity”

·The Portuguese “Forum de Administratores Emprases”