In Focus
Fall Conference Registration Now Open
Registration is now open for CII’s Fall Conference, taking place September 8–10, 2025, at the Westin St. Francis in San Francisco. For more than four decades, this exclusive, members-only event has convened the most influential voices in investment, governance, and stewardship. The agenda will address today’s most pressing challenges, including geopolitical instability and evolving political and regulatory trends impacting capital markets.
Learn more.
Circuit Court Affirms that Proxy Advice is not Proxy Solicitation
The D.C. Circuit Court of Appeals on July 1
affirmed a February ruling by a D.C. District court, which held that proxy advice does not constitute a proxy solicitation under the Securities Exchange Act of 1934. A
2020 SEC rule on proxy advisors, as well as a
2022 amendment to that rule, hinged on an SEC determination that proxy advice amounts to solicitation. CII, which submitted an
amicus brief in the case, welcomed the decision. The SEC remains empowered to regulate proxy advice through the Investment Advisers Act of 1940.
CII Poll Results Dispel Proxy Advisor Tropes
CII has published
summary results from poll questions posed during a recent CII webinar on proxy advisors. The results suggest that a sizable gap may exist between conventional Washington narratives and practitioners' real-world experiences.