Section: March 2, 2023 | Vol. 28, Issue 9
This week both the House and Senate passed a bill that would rescind the Department of Labor’s (DOL) final rule that allows private-sector retirement plan fiduciaries to consider climate change and other environmental, social and governance factors when they select retirement investments and vote proxies.
Utah, Texas, Louisiana and West Virginia filed suit February 22 over the SEC rule adopted in November that requires institutional investment managers to disclose how they vote their proxies and lend shares.
The New York Stock Exchange and Nasdaq just issued proposed listing standards that would implement the clawback rule the SEC adopted in October.
?Speakers examined the drivers and implications of the growth in private markets relative to public markets during a March 2 meeting of the SEC’s Investor Advisory Committee.
The National Legal and Policy Center, a conservative group that has filed a significant number of shareholder proposals this proxy season, has launched a vote-no campaign to unseat both former Vice President Al Gore and Apple CEO Tim Cook from Apple’s board at the company’s March 10 annual meeting.
The China Securities Regulatory Commission (CSRC) has enacted new regulations that tighten the country’s oversight of companies that list on foreign markets. The Securities and Exchange Board of India (SEBI) is seeking public comment on a proposal to strengthen the market regulator’s Listing Obligations and Disclosure Requirements (LODR).