SEC Measure Regulating Proxy Advisory Firms Declared Invalid

Proxy Advisors (Chapter 7) - Hard Lessons in Corporate Governance

Bad advice should, over time, lead to a decline in proxy firms' market share. Advisory firms can bring the dedicated resources needed to review ...

Third-Party Institutional Proxy Advisors: Conflicts of Interest and ...

17 The rules provide increased regulation for proxy advisory firms under the jurisdiction of the SEC and also allow institutional investors to rely on advice ...

NAM Joins Lawsuit to Defend SEC Victory

The problem is that proxy advisory firms have never been subject to SEC oversight, and as a result, their work has relied on questionable methodologies and ...

Proxy Contests - Fried Frank

... SEC proposed rules to regulate the voting recommendations of proxy advisory firms. ... proxy advisors before going to their proxy committees to determine ...

NIRI-Comment-Letter-to-SEC-Proxy-Advice-Proposed-Rule-12-27 ...

In its 2020 Final Rule, the SEC provided an option for proxy advisory firms to engage in ... SEC should avoid establishing a regulatory ...

Sixth Circuit - UNITED STATES COURT OF APPEALS

16. Page 5. No. 23-5409. Chamber of Com. of the United States v. SEC. Page 5 legal status of proxy advisory firms within the U.S. proxy system”; ...

NAM Sues SEC Over Decision Not To Enforce Proxy Advisory Firm ...

Now, as reported on thecorporatecounsel.net blog, NAM has just announced that it has filed suit in federal court against the SEC for failure to ...

Business Roundtable Supplemental Public Comments to SEC on ...

[15] In the 2018 member survey, 95 percent of respondents identified factual errors in proxy advisory reports about their companies, and over 90 ...

Corporate Governance Oversight and Proxy Advisory Firms

The SEC has also declared its concern with political activism in ... There is nothing inherently wrong with companies seeking guidance ...

Investment Management Legal and Regulatory Update - July 2014

If an investment adviser determines that a proxy advisory firm's recommendation was based on a material factual error, the adviser should take ...

Glass Lewis Comment Letter to SEC Dec 27 2021 - FINAL

... regulation of proxy advisory firms. However, . . . proxy advisory ... information available to [proxy advisor] clients as they assess proxy voting ...

Institutional shareholders, proxy advisor recommendation, and vote ...

This paper explores attributes of foreign institutional investors that increase the influence of proxy advisory firms. It is well documented that vote outcomes ...

Shaq and Oprah Give Up Board Power, While Delaware Takes Ken ...

Bloomberg Law: SEC Measure Regulating Proxy Advisory Firms Declared Invalid ... proxy advisory firms such as ISS and Glass Lewis on voting matters. Read ...

02-20-comment-sec-proxy-voting.pdf - CalPERS

4 Company executives and their allies have long pressed the SEC to reduce the ability of the proxy advisors that we hire to provide us with.

Preparing for the 2024 Proxy and Annual Reporting Season

In reaching its conclusion, the court laid out a fairly incisive critique of the process the SEC employed in its adoption of the amendments.

Registered Funds Alert - Simpson Thacher

SEC Division of Investment Management, Protecting Investors: A Half. Century of Investment Company Regulation (May 1992) (the “1992. Report”). 2. Such ...

R E P O R T - Congress.gov

an investment manager pursuant to section 403(a), or a proxy voting advisory ... plans to outsource proxy voting decisions to proxy advisory firms.

the Role and Regulation of Proxy Advisors (2010) and Robo-voting ...

ISS CEO Gary. Retelny recently stated, for example, that “[t]he biggest misconception is that our institutional investors, which exceed 1,500 globally, just ...

ARE PROXY ADVISORS REALLY A PROBLEM? - ACCF Corp Gov

8 Glass Lewis Response To SEC Statement Regarding Staff Proxy Advisory ... regulatory consequences for issuing incorrect reports. 13 Picker, L & Lasky ...

On Governance: Now is the Time to Designate Proxy Advisors as ...

[7] U.S. Securities & Exchange Commission, SEC Clarifies Investment Advisers' Proxy Voting Responsibilities and Application of Proxy Rules to ...