Overview
- The Wall Street Journal reported the administration is considering an executive order that could sharply restrict or even prohibit recommendations by ISS and Glass Lewis.
- Forbes, citing the Journal, says the FTC has opened an antitrust investigation focused on how the firms guided clients on ESG-related shareholder proposals.
- Semafor reports officials are evaluating “mirror voting” for large passive investors such as BlackRock and Vanguard to limit their collective influence.
- Semafor also reports CFIUS may review the firms because ISS is owned by Germany’s Deutsche Börse and Glass Lewis by a Canadian private‑equity firm.
- No executive order or enforcement action has been finalized, and the reviews remain in progress as policymakers assess the firms’ impact on shareholder outcomes.