CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Governance Influencers
Meera Foods Ltd's board wants to map governance influencers. Which of the following correctly places an influencer in its category?
Proxy advisory firms are external influencers because they advise shareholders on voting. The other pairings are wrong: an internal auditor is internal, a company's own code is self-regulation rather than a regulator, and voting rights are not Tribunal orders.
- AProxy advisory firms: external influencers acting on shareholder voting decisionsCorrect
- BInternal auditor: external market influencer
- CCompany's own code of conduct: external statutory regulator
- DShareholders' voting rights: a type of Tribunal order
Explanation
Proxy advisors sit outside the company and influence how shareholders vote. The internal auditor is internal, a company's own code of conduct is internal self-regulation, and voting rights are not Tribunal orders.
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