WASHINGTON: The U.S. Securities and Exchange Commission on Wednesday proposed new guidance that aims to clarify how investors and advisory firms ...
WASHINGTON: The U.S. Securities and Exchange Commission on Wednesday proposed new guidance that aims to clarify how investors and advisory firms that vote on their behalf should cast their votes in corporate elections on issues like pay and diversity.
Corporate trade groups complain their recommendations are conflicted and have been lobbying lawmakers and regulators to rein them in. The SEC's new guidance could set the agency up for a clash with investors who worry the SEC may diminish their voting rights.
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