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	<title>The Harvard Law School Forum on Corporate Governance</title>
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	<title>AI as the New Proxy Advisor: Reshaping Shareholder Activism Communications &#8211; The Harvard Law School Forum on Corporate Governance</title>
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		<title>AI as the New Proxy Advisor: Reshaping Shareholder Activism Communications</title>
		<link>https://corpgov.law.harvard.edu/2026/04/20/ai-as-the-new-proxy-advisor-reshaping-shareholder-activism-communications/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ai-as-the-new-proxy-advisor-reshaping-shareholder-activism-communications</link>
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		<pubDate>Mon, 20 Apr 2026 11:30:02 +0000</pubDate>
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				<category><![CDATA[Practitioner Publications]]></category>
		<category><![CDATA[AI]]></category>
		<category><![CDATA[LLM]]></category>
		<category><![CDATA[Proxy Advisor]]></category>
		<category><![CDATA[Proxy fights]]></category>

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		<description><![CDATA[Executive Summary Kekst CNC analyzed contested annual meeting elections from 2023 to 2025, roughly since the universal proxy card was instituted – to understand AI’s recommendations if it acted as a traditional proxy advisor. This analysis highlights crucial conclusions affecting the intersection of AI and activism communications: What biases do major LLMs exhibit when asked [&#8230;]]]></description>
				<content:encoded><![CDATA[<hgroup><em>Posted by Lyndsey Estin, Nick Capuano, and Mark Fallati, Kekst CNC, on Monday, April 20, 2026 </em><div class='e_n' style='background:#F8F8F8;padding:10px;margin-top:5px;margin-bottom:10px;text-indent:2.5em;'><strong style='margin-left:-2.5em;'>Editor's Note: </strong> <p style="margin:0; display:inline;"><a href="https://www.kekstcnc.com/our-team/lyndsey-estin">Lyndsey Estin</a> is a Co-Chief Executive Officer and Partner, <a href="https://www.kekstcnc.com/our-team/nicholas-capuano">Nick Capuano</a> is a Partner, and <a href="https://www.kekstcnc.com/our-team/mark-fallati">Mark Fallati</a> is a Principal at Kekst CNC. This post is based on their Kekst memorandum.</p>
</div></hgroup><h2>Executive Summary</h2>
<p>Kekst CNC analyzed contested annual meeting elections from 2023 to 2025, roughly since the universal proxy card was instituted – to understand AI’s recommendations if it acted as a traditional proxy advisor.</p>
<p><strong>This analysis highlights crucial conclusions affecting </strong><strong>the intersection of AI and activism communications:</strong> <a href="https://corpgov.law.harvard.edu/2026/04/20/ai-as-the-new-proxy-advisor-reshaping-shareholder-activism-communications/#more-180312" class="more-link"><span aria-label="Continue reading AI as the New Proxy Advisor: Reshaping Shareholder Activism Communications">(more&hellip;)</span></a></p>
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