Section: January 19, 2023 | Vol. 28, Issue 3
In a January 19 letter to the Public Company Accounting Oversight Board (PCAOB), CII generally supports many of the PCAOB’s proposed amendments on quality control, but recommends that the proposal include a several improvements.
by: Rosemary Lally
1/19/2023
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A smaller proportion of companies that went public in 2022 adopted dual-class structures than in 2021, new research by CII finds. In 2022, 85% of newly public companies tracked by CII had equal voting structures, an increase from 77% in 2021.
by: Rosemary Lally
1/19/2023
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Twenty-one Republican state attorneys general sent a letter January 17 to Institutional Shareholder Services (ISS) and Glass Lewis (GL) alleging that the proxy voting firms violated their contractual obligations and legal duties by “advocating for and acting in alignment with climate change goals.”
by: Rosemary Lally
1/19/2023
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A group of academics and non-profits January 13 submitted a petition asking the SEC to implement three policy clarifications, with implications for credit rating agencies and those who rely on their ratings. The petition asserts that the reforms require no new rulemaking.
by: Rosemary Lally
1/19/2023
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Ahead of its March 10 annual meeting, Apple agreed to conduct a third-party assessment, overseen by its board, of the company’s adherence to its Human Rights Policy with a focus on the rights of workers to organize and bargain collectively.
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1/19/2023
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Michael Hsu, acting comptroller of the currency, spoke January 17 about regulating large financial institutions as part of a “Too Big to Manage?” event at the Brookings Institution’s Center on Regulation and Markets.
by: Rosemary Lally
1/19/2023
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PwC advises corporate directors on how to build trust with shareholders, employees, customers and regulators in a new publication, Using transparency to build trust: A corporate director’s guide.
by: Rosemary Lally
1/19/2023
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