Council of Institutional Investors

Section: December 22, 2022 | Vol. 27, Issue 47
New CII Report Looks at Entrenchment Devices that Can Thwart Shareholders’ Rights
A new members-only governance guide published by CII provides a basic overview of how entrenchment devices in corporate bylaws and charters can restrict shareholders’ rights and explains CII’s member-approved policies on these devices.
Bipartisan Letter Asks Gensler to Defend SEC’s Proposed Market Structure Reforms
A Republican and a Democrat in Congress sent SEC Chair Gary Gensler a letter December 7, asking the commission to provide more information about how investors will be better served under its new plans to reform the market structure than by the existing structure.
NYCERS Outlines Its 2022 Proxy Season Accomplishments in New Report

The New York City Employees’ Retirement System’s (NYCERS) accomplishments during the 2022 proxy season are highlighted in a new report published by New York City Comptroller Brad Lander.
Microsoft Shareholders Vote on Corporate Tax Transparency Proposal

Twenty-three percent of the votes cast at Microsoft’s December 13 annual meeting supported a shareholder proposal asking the technology firm to “align with other leading multi-national companies and use the Global Reporting Initiative (GRI) tax standard” to report its payments made to tax authorities in countries around the world.
New Paper Views Shareholder Voting Rights Through Historic Perspective

Shareholder voting laws and practices that were mostly stable throughout the twentieth century and were taken for granted by capital markets participants, have become newly contested in the twenty-first century, points out a new paper by Washington and Lee University Law School Professor Sarah Haan.
A Sad Farewell to Mary Hartman Morris
Mary Hartman Morris, a trailblazer for strengthening corporate governance and enhancing the quality of accounting and auditing, died earlier this month.