Proxy advisors, such as Glass Lewis, ISS, and BVI, are becoming increasingly influential in promoting corporate governance and exercising voting rights in Germany. 

While these advisors share common practices in providing guidance to investors, there are nuanced differences in their stances on executive compensation and its representation in the companies’ remuneration reports, independence, diversity, and corporate strategy. For instance, BVI generally approves virtual shareholder meetings with certain conditions, while ISS and Glass Lewis favour hybrid events.

Our proxy voting guide to the 2023 AGM season for German companies provides an easy to access summary of the most important voting guidelines of these proxy advisors, including their positions on virtual and hybrid shareholder meetings, executive compensation, diversity, and independence, and ESG. 

Click the link below to access our report. Please note that the report is available only in German.