The executive order, titled “Protecting American Investors from Foreign-Owned and Politically-Motivated Proxy Advisors, was issued on Thursday, continuing a line of action against proxy advisers. However, this order includes a novel securities theory that, if accepted, would be “utterly unworkable” for proxy advisers’ clients, according to one law professor.
The executive order, titled “Protecting American Investors from Foreign-Owned and Politically-Motivated Proxy Advisors, was issued on Thursday, continuing a line of action against proxy advisers. However, this order includes a novel securities theory that, if accepted, would be “utterly unworkable” for proxy advisers’ clients, according to one law professor.
