US EditionTexas Law on Proxy Advisors Blocked by Judge
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Texas Law on Proxy Advisors Blocked by Judge
A Texas ESG law won’t go into effect next week, a federal judge ruled from the bench Thursday, halting the requirement that proxy advisory firms tell clients that their ESG-related advice is based on more than maximum earnings.Accepting free speech concerns from proxy advising giants Glass Lewis & Co. and Institutional Shareholder Services Inc., US District Judge Alan Albright of the Western District of Texas granted an injunction temporarily bl…
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