Earlier today, the U.S. Impact Investing Alliance submitted comments to the Securities and Exchange Commission (SEC) in support of their proposed amendments to the rules governing proxy voting advice for shareholders.
The proposal would rescind a provision finalized in 2020 that undermined the independence of the proxy advisory process. In doing so, the SEC is rightly course correcting and ensuring that investors have access to timely, accurate and unbiased advice, a core element of their shareholder engagement rights.