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flag On Dec. 11, 2025, Trump ordered a federal review of two proxy firms over alleged antitrust and governance violations, citing foreign influence and political bias.

flag On December 11, 2025, President Donald Trump signed an executive order directing federal agencies to review whether proxy advisory firms Institutional Shareholder Services and Glass Lewis violated rules or antitrust laws, particularly in their handling of environmental and social issues. flag The order cites concerns over foreign ownership, political influence, and excessive power over corporate governance decisions affecting shareholder votes and retirement accounts. flag It calls for assessments of their practices by the SEC, FTC, and Labor Department, amid ongoing scrutiny from Republican leaders, business executives, and state attorneys general.

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