Trump Administration Targets Proxy Advisory Firms

Trump Administration Mulls Executive Order to Limit Proxy Advisory Firms Influence: A Deep Dive into ISS, Glass Lewis, and Antitrust ConcernsThe Trump administration is contemplating an executive order to curb the power of proxy advisory firms like ISS and Glass Lewis, which advise investors on company matters. These firms have faced criticism for decades due to concerns about their credibility, conflicts of interest, and outdated practices. The Federal Trade Commission is also investigating potential antitrust law violations. The administrations move is seen as a necessary step to address long-standing issues in corporate governance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.