Hearing on Proxy Advisors, Take 2
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Hearing on Proxy Advisors, Take 2
VEA Vice Chair Nell Minow testified in another hearing on proxy advisors held by the House Financial Services Committee’s Subcommittee on Capital Markets held April 29, 2025. The absurdity of the charges against proxy advisory firms was clear from the title: “Exposing the Proxy Advisory Cartel: How ISS & Glass Lewis Influence Markets.” Minow cited her experience as a lawyer in the Justice Department’s antitrust division to point out that neither…
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