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 CongressJul 27, 2020 - 11:00am

Coalition Letter on Amendment 18 to H.R. 7617

This Coalition letter was sent to the Members of the U.S. House of Representatives, on Amendment 18, offered by Rep. Bryan Steil, to H.R. 7617, the "Defense, Commerce, Justice, Science, Energy and Water Development, Financial Services and General Government, Homeland Security, Labor, Health and Human Services, Education, Transportation, Housing and Urban Development Appropriations Act, 2021.”

Above the FoldJul 22, 2020 - 12:00pm
Capital Markets New York City

The Role of ESG in the Business Community

While ESG investing grows, it is critical investors put economic return at the heart of their decision-making when investing for others.

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.

ArticleNov 19, 2019 - 10:00am
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CNN Misleads Readers on New SEC Proxy Advisory Firm Rules

CNN fails to provide readers with a complete view of the facts on new SEC rules for proxy advisory firms.

ReportJul 21, 2008 - 8:00pm

Analysis of the Wealth Effects of Shareholder Proposals

July 22, 2008Joao Dos Santos, M.S., Chen Song, Ph.D, Navigant Consulting Released by the Workforce Freedom InitiativeU.S. Chamber of Commerce