DCSS Wise New York Stock Exchange

DCSS Conundrum: Fintech’s Ex-CEO Criticises US Relisting Plans

July 24, 2025


By Jack Grogan-Fenn

FinTech company Wise’s co-founder and former CEO has urged shareholders to vote against plans extending its dual-class share structure (DCSS) by a decade as it intends …

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Proxy Advisors US SEC

Proxy Advisors Prevail: Court Strikes Down US SEC Regulation Attempt

July 4, 2025


By Jack Grogan-Fenn

A federal appeals court has found that US Securities and Exchange Commission (SEC) regulations which sought to dictate the behaviour of proxy advisors is …

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ERISA House Committee ESG Factors

ERISA Overhaul: House Committee Approves Bill Prohibiting ESG Factors

July 4, 2025


By Jack Grogan-Fenn

The House Committee on Education and Workforce has voted through a bill which will restrict retirement fund managers’ ability to consider ESG factors in investment …

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Proxy Advisor Regulatory Attack Article Sarah Wilson

Stewardship Under Siege: Minerva CEO Criticises Regulatory Attacks on Proxy Advisors

June 24, 2025


By Jack Grogan-Fenn

Minerva Analytics’ CEO Sarah Wilson has warned that proxy advisors are “under siege” following a series of high-profile attacks by US policymakers.

In an …

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Texas Proxy Advisor Regulation

Investor Choice Infringement: Texas Advances Proxy Advisor Regulation

June 17, 2025


By Jack Grogan-Fenn

Proxy advisory firms are set to imminently discover whether they will be subject to a stringent new regulation in Texas requiring deeper disclosures on voting recommendations …

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Financial Reporting Council, FRC Stewardship

Definition Downgrade: FRC Reframes Stewardship in 2026 UK Code

June 3, 2025


By Jack Grogan-Fenn

The Financial Reporting Council (FRC) has unveiled the UK Stewardship Code 2026, which looks to bolster reporting to “showcase high quality stewardship” and “support …

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SEC ignores investor objections to implement new proxy rules

SEC ignores investor objections to implement new proxy rules

Despite claims from some of the world’s largest investors that moves to impose new proxy voting regulations would increase costs, the US financial regulator has pressed ahead with a series of

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Proxy firms targeted in Canadian regulatory overhaul

Canada proposes proxy system overhaul

The role of proxy advisory firms and proxy plumbing in Canada could be set for a fundamental overhaul, following the publication of findings by the Capital Markets Modernisation Taskforce (CMMT). 

In a wide-ranging remit, the taskforce has made

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SEC chairman Jay Clayton

SEC chairman Jay Clayton has faced an extraordinary grilling over the fake investor letters he cited in ‘support’ of the regulator’s proxy advisor rule changes – with a prominent US senator telling him he was “duped”.

Clayton was finally forced …

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SEC lambasted over shareholder rights change as companies fail to meet ESG targets

A war of words has broken out between investors and the Securities and Exchange Commission (SEC) following the regulator’s controversial proposal to amend its proxy voting rules. 

On 5 November, the SEC proposed new changes to how proxy advisory firms operate – with some criticising the move …

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