Trump Orders Review of Proxy Advisory Firms
Update: 2025-12-13
Description
Former President Donald Trump orders review of proxy advisory firms, ISS and Glass Lewis, focusing on their use of DEI and ESG policies. This move is seen as a win for figures like Elon Musk, who has criticized these firms. The order suggests increased scrutiny and could shift power dynamics, potentially influencing how companies approach social and environmental policies. ISS and Glass Lewis advise large institutional investors, and the executive order directs the Federal Trade Commission to investigate potential antitrust violations.
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