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Di Marco doubles down on ‘arrogant’ proxy advisers

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TechnologyOne founder and chairman Adrian Di Marco has doubled down on his attack on "arrogant” proxy advisers bullying companies over "governance correctness".

It comes as superannuation funds warn that the government’s proposed new rules for proxy advisers will lead to higher fees for members.

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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com

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    Original URL: https://www.afr.com/policy/tax-and-super/di-marco-doubles-down-on-arrogant-proxy-advisers-20210507-p57pr1