In Bloomberg Law: "...Meanwhile, Tom Quaadman from the U.S. Chamber of Commerce said that the 'disruptive behavior of an unregulated capital markets participant should not continue,' and a group called the Committee for Justice claimed that proxy advisory firms 'exhibit signs of market failure, but the market has not been able to eliminate them' because of a “lack of transparency that is so pervasive in this process...”
Note: We've included our comments to the SEC below and will be continuing to monitor this proposal: