Ann Lipton on the New Texas Proxy Advisor Law

Ann Lipton on the New Texas Proxy Advisor Law

I hereby recommend that proxy advisors insert in every recommendation: This analysis and recommendation is based exclusively on financial risk and reward calculations. Because they are. Also, this legislation is clearly unconstitutional as the government, state or federal, has no right to tell anyone, even a commercial enterprise, what to say. (There are some exceptions, like claims made by consumer products, disclosure rules, etc. that do not a…