The Securities and Exchange Commission proposed rules limiting the role of proxy firms that advise investors on corporate ballot initiatives. CASI joined with the Stigler Center at Chicago Booth to organize a letter, signed by more than 60 finance and legal scholars, opposing the rule change, arguing that it would increase the cost of proxy services, decrease competition, and ultimately benefit company management in the proxy initiative voting process.
Copyright held by Anat R. Admati and Luigi Zingales. Further inquiries about reproduction and use should be directed to the Corporations and Society Initiative.
