The Republican Environmental, Social, and Governance (ESG) Working Group released its interim report (pdf) highlighting several of the GOP’s policy priorities that conservative lawmakers say will “benefit all Americans, not just those seeking to push their far-left agenda.”
Working Group members say that President Joe Biden and his administration have strategically circumvented the paucity of congressional support for ESG policy issues and are “exploiting financial regulatory agencies to impose their policy and other ESG-related priorities on the private sector.”
One of the tactics outlined by the report is to reform the proxy voting system to shield the financial interests of retail investors by advocating transparency, accountability, and accuracy. Moreover, Republican lawmakers want to bolster accountability in shareholder voting by coalescing voting decisions with shareholders’ economic interests….