SEC weighs influence of proxy advisers

Should regulators impose rules to make businesses more transparent?

As proxy battles become more commonplace in Corporate America, the Securities and Exchange Commission (SEC) has assembled a troupe of financial and legal experts to deliberate whether proxy advisers have grown so powerful in corporate elections that regulators need to impose rules to make their business more transparent.

The roles of the two biggest proxy advisory firms — Institutional Shareholder Services Inc. and Glass Lewis & Co. LLC — in shareholder voting will be debated by institutional investors, brokers, business groups and unions today at a meeting hosted by the SEC in Washington, D.C. The panel will weigh in on the use of proxy advisory firm services by institutional investors and investment advisers.

Editor in Chief

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Erin E. Harrison

Erin E. Harrison is the Editor in Chief of InsideCounsel magazine. Harrison’s professional background includes extensive expertise in both print and online media, highlighted by...

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