Section: February 2, 2023 | Vol. 28, Issue 5
Rule 506 Reg D is leading to bloated U.S. private markets and providing investors in those markets with inadequate information, said SEC Commissioner Caroline Crenshaw in a January 30 speech before the Securities Regulation Institute.
The SEC should take a straightforward approach to ESG investing, treat it like any other investment strategy and just apply the commission’s well established regulatory framework, rather than imposing any specific ESG regulations, said SEC Commissioner Mark Uyeda in a January 27 speech before the California ‘40 Acts Group.?
Both Institutional Shareholder Services (ISS) and Glass Lewis (GL) sent replies this week to 21 Republican state attorneys general who alleged in a January 17 letter that the proxy voting firms violated their contractual obligations and legal duties by “advocating for, and acting in alignment with, climate change goals.”
?New York City Comptroller Brad Lander and three of the New York City Retirement Systems filed shareholder proposals at Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada asking the banks to disclose their absolute greenhouse gas (GHG) emissions targets for 2030.
?A contentious proxy fight using a universal proxy card (UPC) is taking shape at Disney. Nelson Peltz, founding partner and CEO of activist investment fund Trian Fund Management, is running as a candidate to take the Disney board seat currently occupied by Michael Froman, vice chair and president of strategic growth at Mastercard.