Community Corner

Top Business Groups Target Arcane Advisory Firms In Six-Figure Ad Blitz

Top U.S. business groups launched a six-figure ad campaign blasting proxy-adviser firms on Wednesday as the Securities and Exchange Commission preps for a roundtable on shareholder voting at publicly traded companies.

The ramp-up in advocacy from the U.S. Chamber of Commerce and the National Association of Manufacturers comes amid a push by lawmakers to require advisory firms such as Glass Lewis and Institutional Shareholder Services to register with the SEC and disclose potential conflicts of interest.

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