The U.S. Securities and Exchange Commission has rescinded critical components of a landmark 2020 rule regulating so-called “proxy advisory firms”—and the NAM is fighting back in court. The long road here: In 2020, after years of NAM advocacy, the SEC finalized a major rule designed to combat proxy firms’ errors and conflicts of interest. Proxy firms influence publicly traded companies by…
Original source: https://www.nam.org/nam-files-lawsuit-against-sec-over-proxy-rule-rescission-18627/