This session will focus on what is happening today with our current proxy processes and what will change if "ZYX" happens. It seems counter-productive to continue to improve the disclosure and governance aspects of the capital markets only to have these improvements potentially lost through an inadequate proxy voting process. There have been several proposals that consider regulatory initiatives under a fair disclosure regime to require changes to how proxy advisory firms render their voting recommendations and disclosure of those recommendations to corporate issuers prior to issuance to investor clients. Knowing what changes may occur over the next year or two on proxy plumbing and specifically proxy advisory firms is critical for investor relations professionals and what IROs need to do to be prepared.