U.S. Rep. Fitzgerald: Introduces bill to stop proxy advisors from imposing ESG on U.S. companies

WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) introduced the Stopping Proxy Advisor Racketeering Act, which restores transparency and accountability in corporate governance and protects shareholders from biased advice. Specifically, it prohibits proxy advisory firms from issuing voting recommendations when any conflict could reasonably be expected to affect the objectivity o...

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