DOL Guidance Calls Proxy Advisers ‘Functional Fiduciaries’
The proxy advisory industry is under intensifying scrutiny from President Donald Trump’s administration.
Tag: Institutional Shareholder Services
White House Executive Order Accuses Major Proxy Advisers of ‘Political Agendas’
President Donald Trump specifically criticized Institutional Shareholder Services and Glass Lewis and directed the SEC and DOL to potentially revise...
SEC to Revisit Proxy Rule Amendments
The agency will address criticism that the changes make advisers’ roles in proxy voting more cumbersome.