Proxy advisor
watch
Unregulated, unaccountable, and out of control.
Too Much Power
Too Little Accountability
These firms have enormous power—shaping shareholder proposals, corporate governance, and board elections—that impact American businesses, customers, and investors.
In theory, the purpose of proxy advisory firms is to provide practical, data-driven guidance on company matters.
In reality, the proxy advisory market is dominated by two unregulated foreign-owned firms that own 97% of the market, promoting one-size-fits-all mandates based on thin financial analysis.
It's a broken model: Unaccountable proxy advisory firms drive decisions at businesses throughout the U.S. with little regard for company performance, long-term economic growth, and the financial security of American workers and retirees.
The issue has only become more consequential in recent years. Institutional investors now control more than 70% of the U.S. stock market, giving proxy advisors disproportionate power over corporate decisions that both affect your nest egg and shape the American economy.
Congress and the administration are aware of the problem, with bipartisan agreement that a foreign-owned duopoly shouldn't have so much power over the U.S. economy and everyday Americans’ financial security.
Washington can bring oversight, accountability, and market competition to the proxy advisory industry. It's time to act.
For years, Congress and the SEC have tried to rein in proxy advisory firms, but lasting reform has remained elusive. Businesses are looking for certainty. Investors deserve accountability. Everyday Americans should have confidence in the safety of their retirement savings.
Washington agrees on the problem and has the power to do something about it—and that’s a good thing.
It’s time to hold proxy advisors accountable.
Why it matters, what’s at stake, and how accountability could finally be within reach.