Kentucky SB183 regulates proxy advisory services to ensure they are provided solely in the interest of shareholders.

Kentucky SB183 establishes regulations for proxy advisory services to ensure they are provided solely in the interest of shareholders. Proxy advisory services must not be based on nonpecuniary interests or subordinate financial interests. If a proxy advisor provides advice not solely in the interest of shareholders, they must disclose this in writing to shareholders, the company, and the Attorney General. Failure to comply with these requirements is considered an unfair, false, misleading, or deceptive act.

Kentucky SB183 regulates proxy advisory services to ensure they are provided solely in the interest of shareholders.

Kentucky SB183 establishes regulations for proxy advisory services to ensure they are provided solely in the interest of shareholders. Proxy advisory services must not be based on nonpecuniary interests or subordinate financial interests. If a proxy advisor provides advice not solely in the interest of shareholders, they must disclose this in writing to shareholders, the company, and the Attorney General. Failure to comply with these requirements is considered an unfair, false, misleading, or deceptive act.