The House Financial Services Committee considered testimony on the impact of ESG proxy proposals and recommendations to reform the shareholder proposal process.
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The House Financial Services Committee considered testimony on the "growing influence” of proxy advisory firms and current efforts to reform the proxy advisory system.
The House Financial Services Committee considered testimony from witnesses advocating against the inclusion of ESG proposals or non-material economic matters in the shareholder-proposal process.
The House Judiciary Committee requested information from three of the largest asset managers in finance pursuant to a Committee inquiry into "the sufficiency of existing antitrust laws to address collusive agreements to promote and adopt progressive environmental, social, and governance (ESG) goals."
The SEC Division of Examinations outlined its annual priorities for 2023. The new report includes a heightened focus on RIA regulation, private investment fund RIAs, ESG-focused investing, Regulation Best Interest for broker-dealers and the fiduciary standard for advisers.