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ASA Sends Letter Opposing SEC's Proxy Voting Advice Proposal




WASHINGTON – The American Securities Association (ASA) today joined several leading business coalition trade associations in sending a letter to the U.S. Securities and Exchange Commission (SEC) expressing opposition to the Commission's Proxy Voting Advice proposal.

"We urge the SEC to abandon this imprudent effort to preserve the status quo for proxy advice, which will undermine critical investor protections adopted by the SEC just last year," the trades wrote in the letter. "Instead, the SEC should re-focus on robust implementation and oversight of the 2020 Reforms."

To read the full letter to the Commission, click here.

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