The Globe and Mail reports in its Tuesday edition that corporate governance is evolving, challenging the foundations of shareholder democracy. The Globe's guest columnist Aaron Boles writes that JPMorgan's asset management unit, managing over $7-trillion in assets, has ended its relationship with proxy advisory firms and will now use its artificial intelligence platform, Proxy IQ, for shareholder voting calls. This is not a routine operational change. It is the latest salvo in a proxy power shift. For decades, proxy advisers such as Institutional Shareholder Services and Glass Lewis & Co. have helped shape decisions on voting outcomes. Critics argue that these firms have too much influence, with little transparency regarding their methodologies and potential conflicts of interest. Influential U.S. policy-makers agree on a recent White House executive order directing federal regulators to reassess the proxy adviser industry's impact on corporate governance and consider improved transparency and fiduciary standards. Given that JPMorgan's Jamie Dimon has consistently criticized proxy advisers over the years, one might reasonably ask why it took so long to make this move, and whether there is a cost advantage.