President Donald Trump on Dec. 11 signed an order directing the Securities and Exchange Commission (SEC) to review rules on proxy advisors, saying they wield influence that “prioritize radical political agendas over investor returns.”
Trump’s order directs the SEC to conduct a review and potentially revise or rescind any rules, guidance, bulletins, and memoranda related to proxy advisors that implicate “diversity, equity, and inclusion” or “environmental, social, and governance” policies.
