Date: January 14, 2015
Issue: Proxy Advisory Firms
To: Members of the House of Representatives
Filing Type: Hill
Description: The Chamber has long been concerned about the current system of proxy voting advice, which is dominated by two firms and operates with significant conflicts of interest and little transparency. The Chamber would like to draw the Hill's attention to a report released this month related to recent guidance issued by Securities and Exchange Commission (SEC) staff regarding America’s system of proxy voting advice entitled Corporate Governance Update: Public Company Initiatives in Response to the SEC Staff’s Guidance on Proxy Advisory Firms.