House Financial Services Committee
Oversight and Investigations Subcommittee
Environmental, Social, & Governance Standards and Proxy Advisors
On September 10, 2024, at 2:00 p.m. in Room 2128 of the Rayburn House Office Building, the Subcommittee on Oversight and Investigations (Subcommittee) of the Committee on Financial Services will hold a hearing entitled “The Fall of ESG: Scrutinizing the Failed Use of Environmental, Social, & Governance Standards and the Influence of Proxy Advisors.”
This hearing will examine the trends of Environmental, Social, and Governance (ESG) initiatives and the influence of proxy advisory firms on America’s capital markets. The Subcommittee will review “why companies and investment firms are turning away from ESG activism and the activist influence of proxy advisory firms.”
Witnesses:- Charles Crain, Vice President of Domestic Policy, National Association of Manufacturers
- Tim Doyle, Founder and Principal, Doyle Strategies
- Michael Frerichs, Treasurer, State of Illinois