Beware Proxy Advisers! The Big Brother is Watching: Key Issues with SEBI’S puzzling Guidelines for Proxy Advisers

In this post, the author argues that the recent SEBI Procedural Guidelines may undermine the liberty of the businesses’ voting advice and establish formidable barriers to entry for new firms. The author also contends that the broadcast of confidential information (i.e. research methods and techniques) by proxy advisers would destroy their business model.