- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The House of Representatives has passed along a bill to the Senate that, if passed, could be a sea change for proxy advisory firms, notably industry leaders like ISS and Glass Lewis.
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Critics of proxy advisory firms are cheering the withdrawal of 2004 no-action letters that they say empowered and entrenched the firms.
The request by a group of prominent Democratic senators that the Federal Trade Commission launch rulemaking on data privacy signals Congress is not close to passing a federal law anytime soon, experts say.
The Federal Trade Commission will have its power to seek disgorgement of ill-gotten gains restored, if a bill that passed the House becomes law.
