The Trump administration gets it right on limiting the power of proxy advisory firms such as ISS and Glass Lewis

The Trump administration's recent actions to restrict the power of proxy advisory firms like ISS and Glass Lewis align with ongoing debates about their credibility and influence in the market. Notably, both Jamie Dimon and Elon Musk have voiced concerns regarding these firms, highlighting a growing skepticism among influential business leaders. Additionally, the FTC is investigating these firms for potential antitrust issues related to their guidance on climate and ESG matters, further complicating their role in shaping investor behavior. This context underscores the need for regulatory scrutiny in an evolving market landscape.