SEC's Gallagher backs ESMA's global proxy adviser code

05/20/2013 | Reuters

Daniel Gallagher, a member of the Securities and Exchange Commission, says he supports a European Securities and Markets Authority proposal to introduce a global code of conduct for proxy advisers. "I applaud ESMA for leading the charge on it. I think it is absolutely right for [us to have] a similar ... global level code of standards, and I will ... implore the SEC to be active in encouraging that sort of project," Gallagher said.

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