New member and managing partner for ECGS

ECGS (European Corporate Governance Service) the leading European proxy voting partnership welcomes Shareholder Support, the independent Dutch proxy advisory firm, that will join as new partner on 1st October. At the same time, Proxinvest, the French partner, will take over as Managing Partner from PIRC, the UK leading independent proxy research and advisory consultancy, after eight years of successful management of the partnership.

Jella Benner-Heinacher, Chairman of ECGS and managing director of DSW (Deutsche Schutzvereinigung für Wertpapierebesitz) said “The Dutch consultant Shareholder Support, under the lead of Gerard Mertens, Professor at Erasmus University of Rotterdam, will enhance local expertise which is the value added of ECGS. The new partner will contribute to ensuring a high level service of proxy voting advice for institutional shareowners”.

After having served successfully for ten years, PIRC will hand over the function of ECGS Managing Partner on the 1st October to Proxinvest, the French proxy research company based in Paris. Pierre-Henri Leroy, Chairman of Proxinvest, said "It is now acknowledged that self-regulation failed and that new measures should be taken to prevent a financial crisis from happening again. Investors need to be more cautious and institutions should be better equipped to avoid conflicts of interest that could put the value of their assets at risk. It is a real challenge for us to take over as Managing Partner from PIRC to continue providing the investor community with high quality services based on local expertise".

ECGS (European Corporate Governance Service) is a joint venture of independent local market experts providing institutional investors with corporate governance research and proxy voting advice on listed companies in Europe,

ECGS Partners:
Ethos Services (Geneva),
DSW (Düsseldorf),
PIRC (London),
Proxinvest (Paris),
Since 1.10.2010: Shareholder Support (Rotterdam),

For more information:
Jella Benner-Heinacher (phone +49 211 66 97 02)
Pierre-Henri Leroy (phone +33 145 51 50 43)