Proxy advisory firms wield considerable influence

The democratic world, like the corporate world, relies upon an intricate set of checks and balances for its efficacy. In the political space, power-sharing helps prevent potential leviathans from encroaching on the rights of their electorate; in the corporate world, it precludes greedy company chiefs from lining their pockets with profits owed to shareholders. The Enron scandal reaffirmed the necessity of diffused power, and interest in corporate governance surged as a swathe of new regulation