26RS SB 183

Senate Bill 183

Actions

Last Action	01/29/26: to Committee on Committees (S)
Title	AN ACT relating to the regulation of proxy advisory services.
Bill Documents	Introduced
Bill Request Number	1094
Sponsor	M. Nunn
Summary of Original Version	Create new sections of KRS Chapter 367 to define terms; require proxy advisors to notify and disclose certain information to shareholders in a company doing business in Kentucky and to the company that is subject to the proxy advisory service when the proxy advisor is not acting solely in the interest of shareholders, as defined, or is providing materially different advice to shareholders regarding a proxy proposal or company proposal; declare that failure to notify or disclose required information is an unfair, false, misleading, or deceptive trade practice in violation of KRS 367.170; establish remedies including civil actions; apply to proxy advisory services provided on or after the effective date of the Act.
Index Headings of Original Version	Attorney General - Proxy advisory services, shareholder reporting, enforcement Fiduciaries - Proxy advisory services, required disclosure to shareholders and companies Financial Responsibility - Proxy advisory services, required disclosure to shareholders and companies Investments - Proxy advisory services, required disclosure to shareholders and companies Retirement And Pensions - Proxy advisory services, required disclosure to shareholders and companies Civil Actions - Proxy advisory services, shareholder reporting, enforcement Business Entities And Organizations - Proxy advisory services, required disclosure to shareholders and companies Commerce - Proxy advisory services, required disclosure to shareholders and companies Consumer Protection - Proxy advisory services, required disclosure to shareholders and companies