The US government is exploring new rules to limit the power of proxy advisers and index-fund managers. This move comes after high-profile CEOs like Elon Musk and Jamie Dimon spoke out against their influence. The Trump administration may issue an executive order that restricts or bans certain advisory services, including those from firms like Institutional Shareholder Services and Glass Lewis.
Source: https://www.wsj.com/finance/regulation/trump-executive-order-proxy-index-fund-votes-638f396e