White House, AI
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The Federal Trade Commission’s broad authority to probe unfair competition uniquely positions the agency to investigate two dominant firms that guide shareholder voting at companies’ annual meetings,
According to this WSJ article, the Trump administration is considering an executive order targeting proxy advisors like ISS and Glass Lewis.
Big figures like Elon Musk and Jamie Dimon have directed criticism against proxy advisory firms for their role in swaying shareholder voting.
The White House is exploring new measures to curb the influence of proxy advisers which conservatives have for years complained push liberal-leaning views, according to a financial industry official briefed on the matter.