HB0175

Wyoming Proxy Advisor Transparency Act mandates proxy advisors to disclose when their recommendations are not based on written financial analyses.

The Wyoming Proxy Advisor Transparency Act requires proxy advisors to disclose when their recommendations are not based on written financial analyses. These analyses must cover short- and long-term financial benefits and costs, conclude the most beneficial vote or course of action, and explain the methods used. Proxy advisors must also publicly disclose on their websites that their services include recommendations against company management.