The bank will make voting decisions on shareholder proposals without the help of proxy advisers like ISS and instead rely on a new internal system.
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Wells Fargo switches to in-house proxy voting system

WIM will determine proxy votes for these assets using a policy and set of instructions it has developed.
The current proxy advisory system — in which proxy advisors make recommendations to investors and asset managers on how they should vote on shareholder proposals — has evolved into a deeply perverse ...
A proxy server is a special type of network node that alters packets that pass through it, masking their IP addresses and making it seem that the packets originated at the proxy system. Proxy servers ...