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00:02A new White House order targeting proxy advisory firms marks a broader Republican push to reduce
00:07investor influence and shift more power to corporate executives, analysts, and attorneys,
00:12according to Reuters. The White House issued a new order directing the SEC and other agencies
00:17to increase oversight of proxy advisory firms, institutional shareholder services, and Glass
00:22Lewis. Trump said the firms use their influence to advance politically motivated agendas,
00:27including environmental and social priorities, at the expense of shareholder returns.
00:33Shareholders use proxy measures to push for accountability on issues like executive pay
00:37and board oversight, but Trump's order could reduce that influence by making proxy campaigns
00:42more difficult. Business trade groups praised the order, saying it would reduce political
00:47influence in corporate decision making. For all things money, visit Benzinga.com.
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