Chamber Backs Manufacturers’ Bid to Revive SEC Proxy Firm Curbs

The US Chamber of Commerce has urged the DC Circuit to reinstate SEC rules restricting ISS and other proxy advisory firms, as a manufacturers group seeks the regulations’ return.

The Securities and Exchange Commission issued the rules in 2020 following a “careful review” of the proxy firm industry, the Chamber said in an amicus brief that challenged a judge’s decision to scrap the rules. In its brief, which was filed with the US Court of Appeals for the District of Columbia Circuit on Friday, the business group supported the National Association of Manufacturers’ bid to revive the regulations in the ...