White House explores rules that would upend shareholder voting, WSJ reports

Reuters

Wed, November 12, 2025 astatine 6:43 AM CST 1 min read

(Reuters) -The White House is exploring caller measures to curb the power of proxy advisers ​and index-fund managers, the Wall Street Journal reported ‌on Wednesday citing radical acquainted with the matter.

Trump medication officials are discussing astatine ‌least 1 enforcement bid that would restrict proxy-advisory firms specified arsenic Institutional Shareholder Services and Glass Lewis, the Journal's study added.

Officials are besides exploring limits connected however index-fund managers are ⁠allowed to vote, ‌the study said.

"As a registered concern advisor that has been taxable to oversight by the ‍SEC for a 4th of a century, ISS is committed to fulfilling its fiduciary duties to clients and operating successful a transparent and ethical manner,​" an ISS spokesperson said successful an emailed connection ‌to Reuters.

Representatives for the White House and Glass Lewis did not instantly respond to Reuters' requests for comment. Reuters could not independently verify the report.

Glass Lewis and ISS, the 2 largest U.S. proxy advisory firms, analyse shareholder ⁠proposals and firm governance issues and ​provide voting recommendations to organization investors up ​of yearly meetings.

Both firms person agelong drawn disapproval for their influential voting recommendations, traditionally from firm executives, ‍but their guidance ⁠remains wide utilized by organization investors.

Meanwhile, index-fund managers specified arsenic Vanguard, BlackRock and State Street besides negociate ⁠and ain the banal of immoderate of the biggest U.S. publically traded ‌companies.

(Reporting by Manya Saini successful Bengaluru;‌ Editing by Krishna Chandra Eluri)