Section: April 6, 2023 | Vol. 28, Issue 13
A round up of information about CII's new research, podcasts, webinars, correspondence and spring conference.
CII sent a letter to the SEC April 3 generally supporting the NYSE’s and Nasdaq’s proposed listing standards that would implement the clawback rule the SEC adopted in October. In the letter, however, CII also expressed concern about the NYSE’s proposed delisting procedures.
The New York City Employees’ Retirement System (NYCERS) and the Teachers Retirement System (TRS) of the City of New York April 5 approved detailed implementation plans to reach their goal of net zero emissions in their investment portfolios by 2040.
Senate Banking Committee Chair Sherrod Brown (D-Ohio) and 11 Democratic Senators who sit on the committee sent SEC Chair Gary Gensler a letter March 30 highlighting concerns with large stock trades made by Silicon Valley Bank (SVB) executives using Rule 10b5-1 trading plans in the days and months before SVB’s collapse.
Shareholders filed a higher number of proposals across a greater range of topics in 2022 while the quality of these proposals decreased from the previous year, according to “For or Against? The Year in Shareholder Resolutions,” a new report by T. Rowe Price Associates (TRPA).
An overview of newsworthy corporate governance events at the SEC January-March.
Republicans, Democrats Form Groups to Advance Opposing Views on ESG, Republican Lawmakers Try to Thwart SEC Climate Disclosure Rule and Biden Vetoes Bill to Block DOL Rule on Retirement Funds’ Consideration of ESG Factors,