The speakers on this panel bring together experience and expertise as proxy advisors, executives of listed companies and legal advisors focusing on capital markets and corporate governance. Drawing from a wide range of examples across different jurisdictions, the panel will review and discuss latest trends and recent examples of proxy advisors’ influence on general meetings of listed companies. In the first part of the session, the panel will particularly focus on the role of proxy advisors, their relevance for the efficiency of capital markets and good corporate governance, as well as potential aspects of shareholder activism. In the second part of the session, applicable regulations for proxy advisors and dealing with proxy advisors in practice will be addressed. Further, the panellists will discuss selected features of corporate governance, including the influence of proxy advisors on the independence of directors and matters of say on pay.