Proxy advisory firms are faking their DEI rollback

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President Donald Trump promised to win so much that conservatives would be tired of winning. But some conservatives seem eager to cry victory too soon.

Last month, for example, conservatives vaunted the fact that Institutional Shareholder Services and Glass Lewis, two major proxy advisory firms, seem to be stepping back from their diversity, equity, and inclusion policies.

“Seem” being the key word.

On Feb. 11, ISS released a statement on Trump’s DEI executive orders, announcing that it would “indefinitely halt consideration of certain diversity factors in making vote recommendations with respect to directors at U.S. companies.” This announcement was broadly hailed as a decision from ISS to roll back its egregious DEI voting guidelines.

But closer inspection of the announcement reveals that’s not the case. Indeed, ISS’s statement only promised not to consider…

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