HR 5116
Corporate Governance Reform and Transparency Act of 2019
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Corporate Governance Reform and Transparency Act of 2019 aims to increase accountability and transparency in the proxy advisory firm industry. It requires these firms to register with the Securities and Exchange Commission (SEC), establishes procedures for registration and termination, and mandates the use of an ombudsman and compliance officer. The bill also prohibits unfair practices and requires firms to disclose potential conflicts of interest, ensuring a more robust and reliable process for investors.
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Primary sponsor
Cosponsors
Denver Riggleman
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