Hearing: Exposing the Proxy Advisory Cartel: How ISS & Glass Lewis Influence Markets

Subcommittee on Capital Markets (Committee on Financial Services)

Tuesday, April 29, 2025 (2:00 PM)

2128 RHOB
Washington, D.C.

Witnesses

Mr. Charles Crain
Managing Vice President, Policy, National Association of Manufacturers, Washington, DC

Added 04/24/2025 at 12:16 PM
  • Witness Statement [PDF] Added 04/28/2025 at 11:26 AM
  • Witness Truth in Testimony [PDF] Added 04/28/2025 at 11:26 AM
  • Witness Biography [PDF] Added 04/28/2025 at 11:26 AM

Ms. Elizabeth Ising
Partner, Gibson Dunn, Washington, DC

Added 04/24/2025 at 12:16 PM
  • Witness Statement [PDF] Added 04/28/2025 at 08:24 PM
  • Witness Truth in Testimony [PDF] Added 04/28/2025 at 08:24 PM
  • Witness Biography [PDF] Added 04/28/2025 at 08:24 PM

Mr. Paul Rose
Dean, School of Law, Case Western Reserve University, Cleveland, OH

Added 04/24/2025 at 12:16 PM
  • Witness Statement [PDF] Added 04/28/2025 at 11:26 AM
  • Witness Truth in Testimony [PDF] Added 04/28/2025 at 11:26 AM
  • Witness Biography [PDF] Added 04/28/2025 at 11:26 AM

Mr. Paul Washington
President & CEO, Society for Corporate Governance, New York, NY

Added 04/24/2025 at 12:16 PM
  • Witness Statement [PDF] Added 04/28/2025 at 11:26 AM
  • Witness Truth in Testimony [PDF] Added 04/28/2025 at 11:26 AM
  • Witness Biography [PDF] Added 04/28/2025 at 11:26 AM

Ms. Nell Minow
Vice Chair, ValueEdge Advisors, McLean, VA

Added 04/24/2025 at 12:16 PM
  • Witness Statement [PDF] Added 04/28/2025 at 11:26 AM
  • Witness Truth in Testimony [PDF] Added 04/28/2025 at 11:26 AM
  • Witness Biography [PDF] Added 04/28/2025 at 11:26 AM

Text of Legislation

  • H.R. ____, a bill to amend the Securities Exchange Act of 1934 to provide for the registration of proxy advisory firms [PDF] Added 04/24/2025 at 12:16 PM
  • H.R. ____, a bill to amend the Securities Exchange Act of 1934 to provide for liability for certain failures to disclose material information or making of material misstatements [PDF] Added 04/24/2025 at 12:16 PM
  • H.R. ____, a bill to amend the Securities Exchange Act of 1934 to require certain disclosures by institutional investment managers in connection with proxy advisory firms [PDF] Added 04/24/2025 at 12:16 PM
  • H.R. ____, a bill to amend the Securities Exchange Act of 1934 to provide for certain requirements related to proxy voting [PDF] Added 04/24/2025 at 12:16 PM
  • H.R. ____, a bill to amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to study certain issues with respect to shareholder proposals, proxy advisory firms, and the proxy process [PDF] Added 04/24/2025 at 12:16 PM
  • H.R. ____, the Stopping Proxy Advisor Racketeering Act [PDF] Added 04/24/2025 at 12:16 PM

Support Documents

  • Notice [PDF]
  • Memorandum [PDF] Added 04/24/2025 at 12:16 PM

First Published: April 22, 2025 at 09:59 AM
Last Updated: April 28, 2025 at 08:24 PM