Trump launches probe into companies that sway big business votes
Donald Trump just signed an order directing agencies to review two major proxy advisory firms—Institutional Shareholder Services and Glass Lewis.
These companies help investors decide how to vote on things like CEO pay and board elections, so they have a lot of influence over how big corporations are run.
The review will determine if they have violated any rules or antitrust laws.
Why this matters (and what's not changing)
This move is part of ongoing conservative efforts to limit the power of these firms, who've been called out by big names like Jamie Dimon and Elon Musk for having too much say in corporate decisions.
Interestingly, Trump's order doesn't touch existing rules about how large investment funds vote—so while there's more scrutiny on the advisors, the current voting system stays as is for now.