{"id":50075,"date":"2024-08-10T04:02:07","date_gmt":"2024-08-10T08:02:07","guid":{"rendered":"https:\/\/allianceadvisors.com\/2024-germanys-dax-agm-season-review-key-takeaways\/"},"modified":"2025-03-17T14:57:19","modified_gmt":"2025-03-17T18:57:19","slug":"2024-germanys-dax-agm-season-review-key-takeaways","status":"publish","type":"post","link":"https:\/\/allianceadvisors.com\/es\/2024-germanys-dax-agm-season-review-key-takeaways\/","title":{"rendered":"2024 Germany\u2019s DAX AGM Season Review &#8211; Key Takeaways"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column]<figure class=\"vcex-image vcex-module  wpb_animate_when_almost_visible wpb_fadeIn fadeIn\"><div class=\"vcex-image-inner wpex-relative wpex-inline-block\"><img width=\"1500\" height=\"1000\" src=\"https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2024\/08\/AdobeStock_481214335.jpg\" class=\"vcex-image-img wpex-align-middle skip-lazy\" alt=\"man and woman working in an office\" data-no-lazy=\"1\" srcset=\"https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2024\/08\/AdobeStock_481214335.jpg 1500w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2024\/08\/AdobeStock_481214335-300x200.jpg 300w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2024\/08\/AdobeStock_481214335-1024x683.jpg 1024w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2024\/08\/AdobeStock_481214335-768x512.jpg 768w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2024\/08\/AdobeStock_481214335.jpg?w=600 600w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2024\/08\/AdobeStock_481214335.jpg?w=900 900w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2024\/08\/AdobeStock_481214335.jpg?w=1200 1200w, https:\/\/e4h8grreyn6.exactdn.com\/wp-content\/uploads\/2024\/08\/AdobeStock_481214335.jpg?w=450 450w\" sizes=\"(max-width: 980px) 100vw, 980px\"\/><\/div><\/figure>[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=&raquo;&raquo;]\n<h2><span style=\"color: #e1251b;\">2024 Germany&rsquo;s DAX AGM Season Review &ndash; Key Takeaways<\/span><\/h2>\n<p>For the German large-cap index (&ldquo;<strong>DAX<\/strong>&rdquo;) Alliance Advisors has analyzed all available voting results for AGMs held between 1 January 2024 until 31 July 2024, for all cases where also the recommendations from ISS and Glass Lewis were available. Where applicable, we also excluded non-Germany incorporated companies, as the <a class=\"glossaryLink cmtt_Shareholder Vote Projection\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Voting Guidelines&lt;\/div&gt;&lt;div class=glossaryItemBody&gt; Criteria and principles used by institutional investors and proxy advisory firms to evaluate...&lt;\/div&gt;&lt;div id=&amp;quot;cmtt_related_articles&amp;quot; class=&amp;quot;cmtt_related_articles_wrapper&amp;quot;&gt;&lt;div class=&amp;quot;cmtt_related_title cmtt_related_articles_title&amp;quot;&gt;Related Articles: &lt;\/div&gt;&lt;ul class=&amp;quot;cmtt_related&amp;quot;&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/es\/the-importance-of-pre-agm-shareholder-engagement-cornerstone-practices-for-greater-china-2023\/&amp;quot;&gt;The Importance of Pre-AGM Shareholder Engagement Cornerstone Practices for Greater China 2023&lt;\/a&gt;&lt;\/li&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/es\/2023-u-s-proxy-season-review\/&amp;quot;&gt;2023 U.S. Proxy Season Review&lt;\/a&gt;&lt;\/li&gt;&lt;\/ul&gt;&lt;\/div&gt;&lt;div class=glossaryTooltipMoreLinkWrapper&gt;&lt;a class=glossaryTooltipMoreLink href=https:\/\/allianceadvisors.com\/es\/glossary-index\/voting-guidelines\/ &gt;Read more...&lt;\/a&gt;&lt;\/div&gt;\" data-link=\"https:\/\/allianceadvisors.com\/es\/glossary-index\/voting-guidelines\/\" href=\"https:\/\/allianceadvisors.com\/es\/glossary-index\/voting-guidelines\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">voting guidelines<\/a> and expectations from investors and <a href=\"https:\/\/allianceadvisors.com\/es\/logistica-de-proxy-y-juntas-virtuales-de-accionistas\/\">proxy advisors<\/a> can be different.<\/p>\n<p>This meant that we could compare the voting results of 35 companies for the purposes of this report.<\/p>\n<h3><span style=\"color: #e1251b;\">Executive Remuneration-Related Items<\/span><\/h3>\n<ul>\n<li>For 35 different remuneration reports, ISS was three times against (<strong>=9%<\/strong>) and Glass Lewis eight times (<strong>=23%<\/strong>) against them. This also includes two cases where both were against the same report. The lowest support of such an item was at <strong>58.3%<\/strong> only, and the average support <strong>89.7%<\/strong>.<\/li>\n<li>At 12 different remuneration policies, the situation is similar. ISS was two times against (<strong>=17%<\/strong>) and Glass Lewis one time against (<strong>=8%<\/strong>) them. The lowest support was <strong>40.4%<\/strong>, and the average support <strong>85.0%<\/strong>.Supervisory Board (Re-)Elections<\/li>\n<\/ul>\n<p>A total of 131 directors have been (re-)elected to the supervisory board.<\/p>\n<ul>\n<li>50 of these 131 candidates have been <strong>female<\/strong> (<strong>=38%<\/strong>). ISS was against them 7 times (<strong>=14%<\/strong>) and Glass Lewisnot even one time. The lowest support was <strong>76.4%<\/strong> and the average support was at <strong>94.2%<\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>81 of these 131 candidates have been <strong>male<\/strong> (<strong>=62%<\/strong>). ISS was against them 28 times (<strong>=35%<\/strong>) and Glass Lewis9 times (<strong>=11%<\/strong>). The lowest support was <strong>69.7%<\/strong> and the average support was at <strong>93.5%<\/strong>. Discharges of Management &amp; Supervisory Board Members<\/li>\n<\/ul>\n<p>The discharge voting has an outstanding importance in Germany. First, the supervisory board members are not elected on an annual basis. Second, the management board members are appointed, but not elected.<\/p>\n<p>We have separated the analysis for bundled discharge and individual discharge.<\/p>\n<ul>\n<li>For the <strong>bundled management board discharges<\/strong>, in all 18 cases ISS and Glass Lewis have been in favour. Thelowest support was at 92.8% and the average support at <strong>97.4%<\/strong>.<\/li>\n<li>For the <strong>individual management board discharges<\/strong>, in all 102 cases ISS has been in favour. Glass Lewis was 90 times in favour and abstained on the remaining cases. The lowest support was at <strong>93.0%<\/strong> and the average support at <strong>97.8%<\/strong>.<\/li>\n<li>For the <strong>bundled supervisory board discharges<\/strong>, in all 19 cases both ISS and Glass Lewis have been in favour. The lowest support was at <strong>86.1%<\/strong> and the average support at <strong>98.7%<\/strong>.<\/li>\n<li>For the <strong>individual supervisory board discharges<\/strong>, in all 288 cases ISS has been in favour, and Glass Lewis against 22 cases (<strong>=8%<\/strong>). The lowest support was at <strong>93.0%<\/strong> and the average support at <strong>97.8%<\/strong>.<\/li>\n<\/ul>\n<h3><span style=\"color: #e1251b;\">Virtual AGMs<\/span><\/h3>\n<p>Only one DAX company has renewed their authorization to hold a virtual AGM, <strong>limited to two years<\/strong>.<\/p>\n<p>&bull; Both ISS and Glass Lewis were in favour and the support was at <strong>85.4%<\/strong>.<\/p>\n<p>Authorizations limited up to <strong>two years<\/strong> were a common standard in 2023. Therefore, for the 2025 AGM season, it can be expected that many German companies will ask their shareholders to support a renewal of their authorization to hold virtual meetings, too. As already shown in 2023 &ndash; and according to our conversations with investors &ndash; mainly <strong>German and French investors<\/strong> will again oppose such as a matter of principle.<\/p>\n<p>Interestingly, overall, our <strong>research for Austria<\/strong> showed investors to be less rigid.<\/p>\n<p>Only one company limited the authorization until <strong>2026<\/strong>, whereas five companies limited it until <strong>2027<\/strong>, 10 companies until <strong>2028<\/strong> and two companies until <strong>2029<\/strong>. Both ISS and Glass Lewis supported them all and none of them failed.<\/p>\n<h3><span style=\"color: #e1251b;\">Transact Other Business<\/span><\/h3>\n<p>Whereas this is a standard item for example in <strong>Switzerland or Italy<\/strong>, it is somewhat new in Germany. ISS defines such <a class=\"glossaryLink cmtt_AGM (Annual General Meeting) and EGM (Extraordinary General Meeting)\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Agenda&lt;\/div&gt;&lt;div class=glossaryItemBody&gt; A structured outline of topics and activities to be covered during an AGM or EGM, including...&lt;\/div&gt;&lt;div id=&amp;quot;cmtt_related_articles&amp;quot; class=&amp;quot;cmtt_related_articles_wrapper&amp;quot;&gt;&lt;div class=&amp;quot;cmtt_related_title cmtt_related_articles_title&amp;quot;&gt;Related Articles: &lt;\/div&gt;&lt;ul class=&amp;quot;cmtt_related&amp;quot;&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/es\/south-korean-consumer-products-company\/&amp;quot;&gt;Case Study: Activism&lt;\/a&gt;&lt;\/li&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/es\/the-importance-of-pre-agm-shareholder-engagement-cornerstone-practices-for-greater-china-2023\/&amp;quot;&gt;The Importance of Pre-AGM Shareholder Engagement Cornerstone Practices for Greater China 2023&lt;\/a&gt;&lt;\/li&gt;&lt;\/ul&gt;&lt;\/div&gt;&lt;div class=glossaryTooltipMoreLinkWrapper&gt;&lt;a class=glossaryTooltipMoreLink href=https:\/\/allianceadvisors.com\/es\/glossary-index\/agenda\/ &gt;Read more...&lt;\/a&gt;&lt;\/div&gt;\"  data-link=\"https:\/\/allianceadvisors.com\/es\/glossary-index\/agenda\/\"  href=\"https:\/\/allianceadvisors.com\/es\/glossary-index\/agenda\/\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>agenda<\/a> items as &ldquo;Voting Instructions for Motions or Nominations by Shareholders that are not Made Accessible Before the AGM and that are Made or Amended in the Course of the AGM.&ldquo;<\/p>\n<p>The issue is quite simple. Certain ad hoc proposals can be requested during the AGM. If a <a href=\"https:\/\/allianceadvisors.com\/es\/captacion-e-implicacion-de-accionistas\/\">shareholder<\/a> representative has not been instructed for such an ad hoc proposal, the representative is not entitled to vote. Which means that the <a class=\"glossaryLink cmtt_AGM (Annual General Meeting) and EGM (Extraordinary General Meeting)\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Quorum&lt;\/div&gt;&lt;div class=glossaryItemBody&gt; The minimum number of shareholders required to be present, either in person or by proxy, to...&lt;\/div&gt;&lt;div id=&amp;quot;cmtt_related_articles&amp;quot; class=&amp;quot;cmtt_related_articles_wrapper&amp;quot;&gt;&lt;div class=&amp;quot;cmtt_related_title cmtt_related_articles_title&amp;quot;&gt;Related Articles: &lt;\/div&gt;&lt;ul class=&amp;quot;cmtt_related&amp;quot;&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/es\/south-korean-consumer-products-company\/&amp;quot;&gt;Case Study: Activism&lt;\/a&gt;&lt;\/li&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/es\/policy-updates-for-united-states-in-2023-iss\/&amp;quot;&gt;Policy Updates for United States in 2023: ISS&lt;\/a&gt;&lt;\/li&gt;&lt;\/ul&gt;&lt;\/div&gt;&lt;div class=glossaryTooltipMoreLinkWrapper&gt;&lt;a class=glossaryTooltipMoreLink href=https:\/\/allianceadvisors.com\/es\/glossary-index\/quorum\/ &gt;Read more...&lt;\/a&gt;&lt;\/div&gt;\"  data-link=\"https:\/\/allianceadvisors.com\/es\/glossary-index\/quorum\/\"  href=\"https:\/\/allianceadvisors.com\/es\/glossary-index\/quorum\/\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>quorum<\/a> for such a proposal could be very low. Thus, an investor (activist) with a relatively small stake could win the voting. To avoid it, <em><strong>Transact Other Business<\/strong><\/em> can be implemented into the AGM agenda. In that way, the quorum will not drop. Both, ISS and Glass Lewis can be expected to be against any such ad hoc proposal, thus in favour of the company.<\/p>\n<ul>\n<li>In the analysis-universe, two companies have implemented this agenda item. For both Brenntag and Bayer, <a href=\"https:\/\/allianceadvisors.com\/es\/logistica-de-proxy-y-juntas-virtuales-de-accionistas\/\">proxy advisors<\/a> backed the company.<\/li>\n<\/ul>\n<h3><span style=\"color: #e1251b;\">What Is Next?<\/span><\/h3>\n<p>Shareholders are becoming more engaged and vocal, demanding transparency, accountability, and alignment with their expectations on issues like <a href=\"https:\/\/allianceadvisors.com\/es\/asesoria-de-remuneracion-ejecutiva-gobierno-corporativo-y-sostenibilidad\/\">compensation<\/a> or board diversity. Companies need to adapt by enhancing transparency, demonstrating strong <a class=\"glossaryLink cmtt_Corporate Governance Advisory\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Corporate Governance&lt;\/div&gt;&lt;div class=glossaryItemBody&gt; The system of rules, practices, processes, and structures by which a company is directed and...&lt;\/div&gt;&lt;div id=&amp;quot;cmtt_related_articles&amp;quot; class=&amp;quot;cmtt_related_articles_wrapper&amp;quot;&gt;&lt;div class=&amp;quot;cmtt_related_title cmtt_related_articles_title&amp;quot;&gt;Related Articles: &lt;\/div&gt;&lt;ul class=&amp;quot;cmtt_related&amp;quot;&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/es\/invictus\/&amp;quot;&gt;Invictus&lt;\/a&gt;&lt;\/li&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/es\/south-korean-consumer-products-company\/&amp;quot;&gt;Case Study: Activism&lt;\/a&gt;&lt;\/li&gt;&lt;\/ul&gt;&lt;\/div&gt;&lt;div class=glossaryTooltipMoreLinkWrapper&gt;&lt;a class=glossaryTooltipMoreLink href=https:\/\/allianceadvisors.com\/es\/glossary-index\/corporate-governance\/ &gt;Read more...&lt;\/a&gt;&lt;\/div&gt;\" data-link=\"https:\/\/allianceadvisors.com\/es\/glossary-index\/corporate-governance\/\" href=\"https:\/\/allianceadvisors.com\/es\/glossary-index\/corporate-governance\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">corporate governance<\/a>, and addressing shareholder concerns to maintain investor support. Boards play a crucial role in this process and are expected to proactively form a relationship with the relevant <a class=\"glossaryLink cmtt_Institutional Shareholder\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Stewardship&lt;\/div&gt;&lt;div class=glossaryItemBody&gt; The responsible and active oversight of investment holdings by institutional shareholders to...&lt;\/div&gt;&lt;div id=&amp;quot;cmtt_related_articles&amp;quot; class=&amp;quot;cmtt_related_articles_wrapper&amp;quot;&gt;&lt;div class=&amp;quot;cmtt_related_title cmtt_related_articles_title&amp;quot;&gt;Related Articles: &lt;\/div&gt;&lt;ul class=&amp;quot;cmtt_related&amp;quot;&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/es\/invictus\/&amp;quot;&gt;Invictus&lt;\/a&gt;&lt;\/li&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/es\/south-korean-consumer-products-company\/&amp;quot;&gt;Case Study: Activism&lt;\/a&gt;&lt;\/li&gt;&lt;\/ul&gt;&lt;\/div&gt;&lt;div class=glossaryTooltipMoreLinkWrapper&gt;&lt;a class=glossaryTooltipMoreLink href=https:\/\/allianceadvisors.com\/es\/glossary-index\/stewardship\/ &gt;Read more...&lt;\/a&gt;&lt;\/div&gt;\"  data-link=\"https:\/\/allianceadvisors.com\/es\/glossary-index\/stewardship\/\"  href=\"https:\/\/allianceadvisors.com\/es\/glossary-index\/stewardship\/\"  data-mobile-support=\"0\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>stewardship<\/a> teams prior to the next Shareholder Meeting Season.<\/p>\n<p>Whilst some institutional investors will only file their voting behaviour from votes submitted at <a href=\"https:\/\/allianceadvisors.com\/es\/captacion-e-implicacion-de-accionistas\/\">Shareholder Meetings<\/a> in 2024 in late Q3 of 2024, we anticipate that the engagement efforts of German corporates will have to address these concerns. The aim needs to be to provide further transparency and explanatory information to prove that the feedback of investors has been heard and incorporated.<\/p>\n<p>If you would like to receive our suggestions on how to tackle your shareholder dissent prior to your next Shareholder Meeting, please <a href=\"https:\/\/allianceadvisors.com\/es\/contacto\/\">contact us<\/a>.[\/vc_column_text][\/vc_column][\/vc_row][vc_section css=&raquo;.vc_custom_1716540341709{padding: 20px !important;background-color: #f1f1f1 !important;}&raquo;][vc_row][vc_column][vc_column_text css=&raquo;&raquo;]Alliance Advisors has built a team of industry specialists with deep experience relating to all our product lines. If you would like to receive a copy of our reports and reviews in future, please enter your details in the form below.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<style>.vcex-newsletter-form.vcex_69d6ba91eb2cd .vcex-newsletter-form-wrap{width:600px;}<\/style><\/p><div class=\"vcex-newsletter-form vcex-module wpex-flex wpex-max-w-100 vcex_69d6ba91eb2cd\"><div class=\"vcex-newsletter-form-wrap\"><form action=\"https:\/\/allianceadvisors.us17.list-manage.com\/subscribe\/post?u=7b6c51574cd7a20b61f9e0084&amp;id=ff9d243557&amp;f_id=00f866e0f0%20method=post%20id=mc-embedded-subscribe-form%20name=mc-embedded-subscribe-form\" method=\"post\" class=\"wpex-flex\"><label class=\"vcex-newsletter-form-label wpex-text-current wpex-flex-grow\"><span class=\"screen-reader-text\">Escriba su direcci&oacute;n de correo electr&oacute;nico<\/span><input class=\"vcex-newsletter-form-input\" type=\"email\" name=\"EMAIL\" placeholder=\"Escriba su direcci&oacute;n de correo electr&oacute;nico\" autocomplete=\"off\" required><\/label><button type=\"submit\" value=\"\" class=\"vcex-newsletter-form-button wpex-flex-shrink-0 theme-button\">Sign Up<\/button><\/form><\/div><\/div>[\/vc_column][\/vc_row][\/vc_section]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=\u00bb\u00bb] 2024 Germany\u2019s DAX AGM Season Review &#8211; Key Takeaways For the German large-cap index (\u201cDAX\u201d) Alliance Advisors has analyzed all available voting results for AGMs held between 1 January 2024 until 31 July 2024, for all cases where also the recommendations from ISS and Glass Lewis were available. Where applicable, we also excluded&hellip;<\/p>\n","protected":false},"author":36,"featured_media":50038,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[237],"tags":[],"post_series":[],"ppma_author":[467,645],"class_list":["post-50075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-whitepapers-es","entry","has-media"],"authors":[{"term_id":467,"user_id":36,"is_guest":0,"slug":"a-horstmeier","display_name":"Angelika Horstmeier","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/53f6b73a8b5b895fdbf50193c79d89b401bf2ca64402144094954dcf6e759c8f?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""},{"term_id":645,"user_id":52,"is_guest":0,"slug":"s-barbato","display_name":"Sandro Barbato","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/e624b484087e8f4f0c72dca38c0a3631a0250712cf597e9480457f74129913a3?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/posts\/50075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/comments?post=50075"}],"version-history":[{"count":3,"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/posts\/50075\/revisions"}],"predecessor-version":[{"id":56456,"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/posts\/50075\/revisions\/56456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/media\/50038"}],"wp:attachment":[{"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/media?parent=50075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/categories?post=50075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/tags?post=50075"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/post_series?post=50075"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/allianceadvisors.com\/es\/wp-json\/wp\/v2\/ppma_author?post=50075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}