The U.S. Securities and Exchange Commission on Wednesday voted to publish new guidance that aims to clarify how investors and advisory firms that vote on their behalf should cast their votes in corporate elections on issues like pay and diversity. The SEC voted 3-2 on the matter on Wednesday, with Democratic commissioners dissenting because the guidance could add costs for proxy advisors. The commissioner’s dissent makes the SEC’s guidance more vulnerable to legal action.

source https://finance.yahoo.com/news/1-u-markets-regulator-votes-154508438.html?.tsrc=rss