WASHINGTON—Companies want the firms that advise shareholders on proxy proposals to face government oversight of their activities, a wish securities regulators are expected to act on as early as this spring. The Securities and Exchange Commission is expected to propose the first U.S. rules on proxy-advice companies following an organized campaign by public companies that think proxy-advisory firms have too much sway over shareholder proposals.

Source: Wall Street Journal March 19, 2019 09:30 UTC