The Securities and Exchange Commission is set to unveil new oversight for firms that advise investors on voting their shares in public companies.
The SEC will vote Aug. 21 on whether to issue guidance on investment adviser responsibilities when using so-called proxy firms, according to an open meeting notice posted online Aug. 13. A second item on the meeting’s agenda directed at proxy advice is expected to revamp the regulatory framework for the firms, which are currently exempt from certain proxy-related rules.
How to handle proxy advisers like Institutional Shareholder Services Inc. and Glass, Lewis & Co. has become the ...
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