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MS SB2676
Bill
Status
Engrossed
2/10/2026
Primary Sponsor
Josh Harkins
Click for details
AI Summary
- Requires proxy advisors to disclose to shareholders when recommendations against company management are made without a written financial analysis of the impact on shareholder value
- Mandates that proxy advisors who do conduct written financial analyses must make those analyses available upon request and provide copies to company boards of directors
- Written financial analyses must include short-term and long-term cost-benefit analysis, conclusions on shareholder value impact, and methodology explanations including personnel experience and location
- Classifies violations as deceptive trade practices under Mississippi Code Section 75-24-5, enforceable by the Attorney General with full investigative powers
- Allows private enforcement actions for declaratory judgment or injunctive relief by aggrieved parties including proxy service recipients, affected companies, and their shareholders
Legislative Description
Proxy Advisor Transparency Act; enact.
Last Action
Returned For Concurrence
3/6/2026
Committee Referrals
Banking and Financial Services2/13/2026
Business and Financial Institutions1/19/2026
Full Bill Text
No bill text available