OK HB4429

Requires proxy advisors who recommend voting against company management without a written financial analysis to disclose this fact conspicuously to shareholders, notify affected company boards, and post a statement on their website homepage

Mandates that written financial analyses must evaluate short-term and long-term financial costs and benefits, conclude what action best affects shareholder value, and explain methods used including personnel experience and geographic location

Proxy advisors who do base recommendations on written financial analyses must disclose this to shareholders and make the analysis available upon request to service recipients and company boards

Classifies violations as deceptive trade practices enforceable by the Attorney General, and allows private civil actions for declaratory judgment or injunctive relief by service recipients, affected companies, and their shareholders

Effective date: November 1, 2026