Council of Institutional Investors

Section: May 4, 2023 | Vol. 28, Issue 17
CII Board Appoints New Committee, Advisory Council Members
Congratulations to the following CII members who have been appointed to various leadership positions:
SEC Approves Amendments to Shed More Light on Stock Repurchases
The SEC May 3 approved amendments requiring companies to disclose more granular information about stock repurchases.
Court Backs SEC’s Roll Back of Proxy Advisor Rules

A district court judge in Tennessee ruled April 24 that the SEC had the power to roll back rules on proxy advisory firms that had been adopted during the Trump administration.
Proposal Asking Wells Fargo to Report on Actions to Prevent Harassment Passes

A proposal filed by the New York State Common Retirement Fund (NYSCRF) asking Wells Fargo to report on what it is doing to prevent workplace harassment and discrimination passed with the support of 52.3% of the votes cast.
New Proposal Ties Executives’ Pay to Better Health Outcomes for Pregnant Women
A new proposal filed by the New York State Common Retirement Fund (NYSCRF), which asks Centene’s board to report to shareholders on how it plans to introduce maternal morbidity reduction metrics into the performance measures of senior executives as part of their incentive pay, will go to a vote May 10.