Trump Orders SEC to Review Proxy Advisory Firm Rules
Golden Finance reports that U.S. President Donald Trump issued an executive order attempting to limit the influence of proxy advisory firms. This is part of his effort to weaken the impact of third-party organizations on the decision-making of listed companies. The executive order released on Thursday instructs the Chairman of the U.S. Securities and Exchange Commission (SEC) to review rules and regulations related to proxy advisory firms and consider amending or rescinding those that are inconsistent with the purpose of this order, including rules, regulations, guidance documents, notices, and memoranda, especially those related to "Diversity, Equity, and Inclusion (DEI)" and "Environmental, Social, and Governance (ESG)" policies.
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Trump Orders SEC to Review Proxy Advisory Firm Rules
Golden Finance reports that U.S. President Donald Trump issued an executive order attempting to limit the influence of proxy advisory firms. This is part of his effort to weaken the impact of third-party organizations on the decision-making of listed companies. The executive order released on Thursday instructs the Chairman of the U.S. Securities and Exchange Commission (SEC) to review rules and regulations related to proxy advisory firms and consider amending or rescinding those that are inconsistent with the purpose of this order, including rules, regulations, guidance documents, notices, and memoranda, especially those related to "Diversity, Equity, and Inclusion (DEI)" and "Environmental, Social, and Governance (ESG)" policies.