21 Attorneys General Warn Proxy Advisory Firms to Abide by Legal Duties, Drop ESG Practices

21 Attorneys General Warn Proxy Advisory Firms to Abide by Legal Duties, Drop ESG Practices
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Katabella Roberts
Updated:
0:00

A 21-state coalition of Republican attorneys general have written to two third-party proxy advisory companies, Institutional Shareholder Services (ISS) and Glass Lewis, challenging their environmental, social, and governance (ESG) practices.

The coalition, led by Utah Attorney General Sean D. Reyes, raised concerns about whether the two firms’ ESG considerations affect proxy voting recommendations that conflict with the financial interests of their clients.

Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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