美国司法部就代理咨询公司问题提出反垄断担忧


2026-08-05 17:08:35 UTC / 路透社

作者:乔迪·戈多伊

2026年8月5日 下午5:08 UTC,1小时前更新

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8月5日(路透社)——美国司法部周三废除了针对股东代理咨询业务的数十年旧指导意见,理由是该行业的合并引发了严重的反垄断担忧。

美国总统唐纳德·特朗普此前呼吁对代理咨询机构机构股东服务公司(ISS)和玻璃·刘易斯公司展开反垄断调查。这两家公司帮助共同基金公司及其他大型机构投资者决定如何在企业选举中投票,目前主导了全球代理咨询服务市场。

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司法部宣布撤回1987年的一封函件,该函件当时称ISS为投资者提供公司治理和股东投票建议的商业模式并未引发反垄断担忧。

ISS的发言人未立即回应置评请求。

司法部表示,成立于1985年的ISS曾就其商业模式是否符合反垄断法向司法部寻求意见。ISS当时称,其将为养老基金及其他投资者提供公司治理方面的建议。

司法部称,ISS当时还表示,不会“就任何公司的企业运营或商业活动,例如商品或服务的采购、生产或销售,提供建议或开展讨论”。

司法部表示,如今情况已不再如此,因为ISS现在不仅为公司股东,还为公司本身提供高管薪酬和公司治理方面的咨询服务。

长期以来,这些咨询机构一直受到保守派团体和共和党政治领导人的批评,他们指责这些机构拥有引导大规模市场投票的权力,且支持环境、社会和治理相关提案。

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US Justice Department raises antitrust concerns over proxy advisers

2026-08-05 17:08:35 UTC / Reuters

By Jody Godoy

August 5, 2026 5:08 PM UTC Updated 1 hour ago

Shadows are cast on a sign at the Department of Justice building in Washington, D.C., U.S., September 23, 2025. REUTERS/Kevin Lamarque Purchase Licensing Rights, opens new tab

Aug 5 (Reuters) – The U.S. Department of Justice on Wednesday rescinded decades-old guidance to a shareholder proxy advisory business, ​citing significant antitrust concerns over consolidation in the industry.

U.S. ‌President Donald Trump has called for an antitrust probe of proxy advisers Institutional Shareholder Services and Glass, Lewis & Co, which help mutual fund companies and other ​big institutional investors decide how to vote at corporate ​elections. The two companies dominate the market for proxy advisory ⁠services.

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The DOJ announced it withdrew a 1987 letter telling ​ISS that its business model of advising investors on corporate governance ​and shareholder votes did not raise antitrust concerns at the time.

A spokesperson for ISS did not immediately respond to a request for comment.

ISS, which ​was founded in 1985, had sought an opinion from the ​DOJ on whether its business model followed antitrust law. ISS said it would ‌advise ⁠pension funds and other investors on corporate governance, the DOJ said.

ISS had said it would not “provide advice or engage in discussions with respect to the corporate operations or business activities, such ​as the purchase, ​production or ⁠sale of goods or services, of any company,” the DOJ said.

That statement is no longer true, ​the DOJ said as ISS now advises companies, ​not just ⁠their shareholders, on executive pay and corporate governance.

The advisers have long been under fire from conservative groups and Republican political leaders over their ⁠power ​to guide large swaths of the market, ​and their expressions of support for environmental, social and governance proposals.

Reporting by Jody ​Godoy in New York; Editing by Daniel Wallis and Cynthia Osterman

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