Proxy Reform

The proxy advice market is dominated by two firms—Institutional Shareholder Services (ISS) and Glass Lewis—which collectively control 97% of the industry. ISS and Glass Lewis have effectively become the standard setters for corporate governance in the United States, notwithstanding the fact these firms have a history of making errors, are rife with conflicts of interest, and provide little transparency as to how they develop vote recommendations.

Recent Activity

Letters to CongressFeb 26, 2020 - 10:45am

U.S. Chamber Letter on a Markup in the House Financial Services Committee

This Hill letter was sent to the House Committee on Financial Services in advance of the committee's markup, opposing H.R. 5930, the "Workforce Investment Disclosure Act," and H.R. 5929, the "Shareholder Political Transparency Act of 2020."

Letters to CongressJan 16, 2020 - 12:00pm

Coalition Letter Sent to the SEC in Follow Up to the Roundtable on the Proxy Process

The U.S. Chamber joined over 300 businesses and groups to submit a comment letter to the SEC in follow up to the Roundtable on the Proxy Process.