SEC Chairman and Commissioners Issue Statements on Proxy Adviser Guidance

The U.S. Securities and Exchange Commission’s chairman and each of its commissioners issued a statement at yesterday’s open meeting on guidance about proxy voting and proxy voting advice. Chairman Jay Clayton’s statement is here. In support of the guidance, the statements of commissioners Hester M. Peirce and Elad L. Roisman are here and here.  In dissent, the statements of commissioners Robert J. Jackson, Jr. and Allison Herren Lee are here and here.