2025年12月,特朗普下令对代理国际空间站顾问和格拉斯·刘易斯对市场力量和ESG的影响进行审查,推动提高透明度和可能的信托重新分类。 In Dec 2025, Trump ordered a review of proxy advisors ISS and Glass Lewis over market power and ESG influence, pushing for transparency and potential fiduciary reclassification.

2025年12月11日,特朗普总统发布了一项行政命令,针对代理咨询公司ISS和Glass Lewis,理由是担心它们的市场主导地位,外国所有权以及通过ESG和DEI倡议对公司治理的影响. On December 11, 2025, President Trump issued an executive order targeting proxy advisory firms ISS and Glass Lewis, citing concerns over their market dominance, foreign ownership, and influence on corporate governance through ESG and DEI initiatives. 该命令指示联邦机构审查潜在的反托拉斯违规情况,提高透明度,并考虑将代理顾问改叙为欧洲反托拉斯协会下的受托人,将财务回报置于非金钱因素之上。 The order directs federal agencies to review potential antitrust violations, increase transparency, and consider reclassifying proxy advisors as fiduciaries under ERISA, prioritizing financial returns over non-pecuniary factors. 证交会将重新评估条例,而联邦贸易委员会和司法部将调查可能的串通。 The SEC is to reassess regulations, while the FTC and Justice Department are to investigate possible collusion. 作为回应,两家公司开始调整做法,格拉斯·刘易斯转而采用定制的投票框架。 In response, both firms began adjusting practices, with Glass Lewis shifting to customized voting frameworks.