New Risks Emerge as States Push Proxy Voting Legislation, Law360

Partner Elizabeth Goldberg and associate Yara Ismael co-authored an Expert Analysis article for Law360 examining the recent surge in US state legislation regulating proxy voting and its implications for proxy advisers and institutional investors.

The authors analyze how these laws, many of which impose disclosure requirements tied to nonfinancial considerations and voting against management, reflect a broader policy shift toward emphasizing pecuniary factors in fiduciary decision-making. The article also situates these developments within parallel federal activity, underscoring growing scrutiny of ESG-related voting and the resulting legal and governance risks for market participants.

Read the full Law360 article >>