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Texas Moves to Regulate Proxy Advisors
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Texas Moves to Regulate Proxy Advisors
Texas is scrambling to attract more corporations by adopting a number of new management-entrenching provisions. Pensions & Investments reports that they have advanced a bill requiring proxy advisers to provide detailed disclosures when their voting recommendations incorporate ESG factors. Senate Bill 2337, currently awaiting the governor’s signature, would require firms like Institutional Shareholder Services and Glass Lewis to state if their pr…
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