SEC needs to rethink its rules on proxy advisory firms

Published



On June 30, the Securities and Exchange Commission issued new rules clarifying the duties of proxy advisory firms that guide institutional investors voting their equity shares.

Left unresolved by the SEC is an April rulemaking petition by business groups that asked the agency to reconsider its “resubmission thresholds” for shareholder proposals that appear on proxy statements. The two issues intersect, and the commission still has work to do.

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