The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Mon, 11 May 2026 16:54:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Proxy Access in the US – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Proxy Access in the US https://corpgov.law.harvard.edu/2014/10/22/proxy-access-in-the-us/?utm_source=rss&utm_medium=rss&utm_campaign=proxy-access-in-the-us https://corpgov.law.harvard.edu/2014/10/22/proxy-access-in-the-us/#comments Wed, 22 Oct 2014 13:02:02 +0000 http://blogs.law.harvard.edu/corpgov/?p=66183?d=20141215124250EST Posted by Kobi Kastiel, Co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Wednesday, October 22, 2014
Editor's Note:

The following post comes to us from Matt Orsagh, director at CFA Institute, and is based on the summary of a CFA publication, titled Proxy Access in the United States: Revisiting the Proposed SEC Rule; the complete publication is available here.

In this summary of CFA Institute findings, we take a brief look at the history of proxy access, discuss the pertinent academic studies, examine the benefits and limits of cost–benefit analysis, analyze the use of proxy access in non-US jurisdictions, and draw some conclusions.

How We Got Here

Proxy access refers to the ability of shareowners to place their nominees for director on a company’s proxy ballot. This right is available in many markets, though not in the United States. Supporters of proxy access argue that it increases the accountability of corporate boards by allowing shareowners to nominate a limited number of board directors. Afraid that special-interest groups could hijack the process, opponents of proxy access are also concerned about its cost and are not convinced that proxy access would improve either company or board performance.

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