Proxy Advisor Transparency Act requires proxy advisors to disclose certain information when making recommendations.

The Proxy Advisor Transparency Act mandates that proxy advisors disclose specific information when making recommendations on company proposals or proxy proposals. This includes identifying the service provided, the recommendation or policy at issue, and stating whether the recommendation is based on a written financial analysis. If not based on such analysis, the advisor must disclose this fact. The act also requires the advisor to provide a copy of the analysis to the company's board of directors and make it available to shareholders upon request.

Proxy Advisor Transparency Act requires proxy advisors to disclose certain information when making recommendations.

The Proxy Advisor Transparency Act mandates that proxy advisors disclose specific information when making recommendations on company proposals or proxy proposals. This includes identifying the service provided, the recommendation or policy at issue, and stating whether the recommendation is based on a written financial analysis. If not based on such analysis, the advisor must disclose this fact. The act also requires the advisor to provide a copy of the analysis to the company's board of directors and make it available to shareholders upon request.