Relating to: proxy advisory services.

SB 879 requires proxy advisors (firms that advise shareholders on voting) to disclose whether their recommendations against company management are based on a written financial analysis. If recommendations lack this analysis, advisors must clearly state this to shareholders, company boards, and publicly on their website. If analysis is used, advisors must provide it upon request to shareholders and company boards. The bill directly affects proxy advisors, companies in the state, and shareholders receiving voting guidance, aiming to increase transparency in proxy voting recommendations.