Glass Lewis and ISS Face Increased Regulation: Trump Administration’s Impact

In a significant move, the Trump administration has initiated measures to crack down on key proxy advisory firms like Glass Lewis and ISS. This effort, focusing on the influence these firms exert over environmental, social, and governance (ESG) and diversity, equity, and inclusion (DEI) policies, could reshape advisory practices. The directive calls for U.S. federal agencies to closely examine these firms’ operations, potentially altering the broader landscape of shareholder proposals.