"There may be a convergence of at least four factors that could bode poorly for proxy-advisory firms. First, .. there was the Trump reelection. Then, there is the ramping up of controversy and criticism ... of proxy advisors firms that have made their way towards matters relating to diversity, equity and inclusion (DEI) and environmental, social and governance (ESG),  ... [T]hese federal factors are evolving against the backdrop of the extremely high-profile approval of the Musk compensation package over the clear objection and no-vote recommendation of the principal proxy-advisory firms. And now, we have the Executive Order taking direct aim at proxy advisors."  MORE >>