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, 22 Jun 2026 14:54:42 +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 Advice, ESG Ratings and Indices in Global Capital Markets – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Proxy Advice, ESG Ratings and Indices in Global Capital Markets https://corpgov.law.harvard.edu/2026/06/21/proxy-advice-esg-ratings-and-indices-in-global-capital-markets/?utm_source=rss&utm_medium=rss&utm_campaign=proxy-advice-esg-ratings-and-indices-in-global-capital-markets https://corpgov.law.harvard.edu/2026/06/21/proxy-advice-esg-ratings-and-indices-in-global-capital-markets/#respond Sun, 21 Jun 2026 11:30:41 +0000 https://corpgov.law.harvard.edu/?p=181941?d=20260622102953EDT Posted by Adriana De La Cruz, Tiziana Londero, and Hitesh Tank, OECD, on Sunday, June 21, 2026
Editor's Note:

Adriana De La Cruz, Tiziana Londero, and Hitesh Tank are Policy Analysts in the Capital Markets and Financial Institutions Division within the Directorate for Financial and Enterprise Affairs at the Organisation for Economic Co-operation and Development (OECD). This post is based on their OECD report.

The rise of institutional investors as the primary owners of listed equity in many markets has made capital market service providers essential actors in global markets. Unlike asset owners and asset managers, proxy advisors, ESG rating and data providers, and index providers have no direct fiduciary duty to end investors. Nevertheless, the quality and objectivity of the services they provide carry significant implications for stewardship, capital allocation and market efficiency.

A new OECD report examines the regulatory frameworks for market service providers in 50 jurisdictions[1] participating in the work of the OECD Corporate Governance Committee. The report highlights emerging trends, areas of convergence and opportunities for improvement.

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