Regulation
New York City Comptroller Warns Texas Move Would Disenfranchise Exxon Shareholders
Critics say recent Texas laws favor corporate decisionmaking at the expense of shareholders’ proposals and voting power.
Shifts coming at the portfolio construction and market levels mean allocators need to stay focused on their goals.
Both approaches have benefits, but the current market volatility has changed how allocators weigh cost and governance differences.
Much depends on an organization’s portfolio objectives.