Bryan Steil tweeted the following:
"Institutional investors rely on proxy advisors to tell them how to vote their shares. This means proxy advisors have a big say in how large companies are run. The market for these proxy advisors? Dominated by 2 firms Glass Lewis and ISS."Read on Twitter
Here are other recent tweets from Bryan Steil:
"American families depend on investors to manage these funds and vote on issues raised at shareholder meetings, many of which involve ESG initiatives."Read on Twitter
"Americans are already facing an uncertain financial future because of Washington's reckless spending. We need to empower investors to protect Americans' retirement security."Read on Twitter
"Right now, roughly 70 percent of the outstanding shares of publicly traded U.S. companies are held by institutional investors such as mutual funds and pension funds."Read on Twitter
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