On February 2, 2020, the Committee for Justice filed comments to the U.S. Securities and Exchange Commission regarding the Commission's Proposed Amendments to Exemptions from the Proxy Rules for Proxy Voting Advice.
We believe that Securities and Exchange Commission’s proposed rule change regarding proxy advisory firms is a positive step towards implementing much-needed reforms. The rules governing the proxy system need to be clarified and modernized for the benefit of investors, public companies, and the U.S. financial services industry as a whole. Therefore, the SEC should implement the proposed rule.
Our comments can be viewed below or as a PDF here.