By Jack Grogen

A hearing by the Republican-run House Committee on Financial Services has showcased pipeline of proposed regulation seeking to significantly restrict both proxy advisors and shareholder rights.

The House Committee held the hearing entitled “Proxy Power and Proposal Abuse: Reforming Rule 14a-8 to Protect Shareholder Value” last week, marking the latest of a swathe of attacks on proxy advisors and shareholder proposals which have rapidly risen since the re-election of Donald Trump.

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