Council of Institutional Investors

Section: February 9, 2023 | Vol. 28, Issue 6
CII Board Appoints Members of Two Advisory Councils for 2023
CII’s board of directors recently appointed the members of the Corporate Governance Advisory Council (CGAC) and the Markets Advisory Council (MAC) for 2023.
Republicans, Democrats on Hill Form Groups to Advance Opposing Views on ESG
On Capitol Hill, GOP lawmakers have formed a working group to thwart ESG proposals, while Democratic members of Congress have created a caucus to educate legislators about sustainable investing.
Ruling in McDonald’s Case Extends Legal Scrutiny Beyond Boardroom
In what is being called a trailblazing decision, Vice Chancellor of the Delaware Chancery Court J. Travis Laster ruled that McDonald’s shareholders can sue the company’s former Global Chief People Officer David Fairhurst for failing to prevent pervasive sexual harassment in the workplace.
Oasis Launches Proxy Fight at Fujitec Claiming Third-Party Transactions, Poor Governance
Oasis Management Company aims to oust all current independent directors at Fujitec, a Japanese elevator maker, during a February 24 extraordinary general meeting.
100 Financial Firms Sign on to CFA Institute’s DEI Inclusion Code
More than 100 finance industry organizations across the United States and Canada have signed on to a voluntary Diversity, Equity, and Inclusion Code for the Investment Profession, which was launched by CFA Institute a year ago.
Majority of Directors Expect Board Responsibilities to Increase, Finds Survey
Three in four corporate directors believe that board responsibilities will increase in the next several years and that board compositions will change to reflect evolving risks and priorities for companies, finds "What Directors Think," an annual report by Diligent and Corporate Board Member.