KY SB183

Requires proxy advisory firms to base voting recommendations solely on pecuniary (financial) factors, prohibiting consideration of environmental, social, political, or ideological interests that lack direct connection to financial returns

Mandates written economic analysis when proxy advisors recommend voting against company board recommendations on shareholder-sponsored proposals, including quantifiable impacts on investment returns

Requires proxy advisors providing advice not solely in shareholders' financial interest to disclose this conspicuously to clients and the affected company, explaining the specific nonpecuniary interests involved

Classifies violations as unfair or deceptive trade practices under KRS 367.170, allowing shareholders, companies, and proxy service recipients to sue for declaratory or injunctive relief in Circuit Court

Grants the Attorney General authority to intervene in private lawsuits and apply existing consumer protection remedies and penalties to violations