The Trump administration is seeking to weaken the power of proxy advisors that play a major role in shaping corporate governance issues, including compensation.
In a Dec. 11 executive order, President Donald Trump called for increased oversight of the proxy advisor industry, arguing that these organizations have used their power to advance shareholder proposals related to issues like DEI and ESG, rather than prioritize investor returns.
The order specifically calls out Glass Lewis and Institutional Shareholder Services
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