Oklahoma State Treasurer Todd Russ said today that the newly issued Executive Order on Protecting American Investors from Foreign-Owned and Politically-Motivated Proxy Advisors reflects concerns Oklahoma has raised and acted on for years regarding the growing influence of proxy advisory firms that operate outside traditional fiduciary standards.
“For Oklahoma, this is not a new conversation,” Treasurer Russ said. “We have been clear and consistent: investment decisions must be driven by financial returns and fiduciary duty, not political ideology, foreign influence, or outsourced voting decisions that do not serve retirees or taxpayers.”
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