CII in a May 18 letter generally supported The Public Company Accounting Oversight Board’s proposal to replace and improve a group of interim auditing standards originally developed by the American Institute of Certified Public Accountants in 2003.

The U.S. Chamber of Commerce, the Texas Association of Business and the Longview Chamber of Commerce filed a lawsuit May 12 in the U.S. Court of Appeals for the Fifth Circuit to block the SEC from implementing its recently approved stock repurchase disclosure enhancement rules.

The board of the International Organization of Securities Commissions (IOSCO) just released a report that suggests approaches for regulators considering frameworks to oversee special purpose acquisition companies (SPACs).

House Financial Services Committee Chairman Patrick McHenry (R-N.C.) sent a letter to House Appropriations Committee Chair Kay Granger (R-Texas) and Ranking Minority Member Rosa DeLauro (D-Conn.) urging them to consider prohibiting the SEC from using any of its fiscal 2024 appropriated funds to develop, promulgate or implement final rules in several areas.

Nine Senate Banking Committee Republicans sent a letter May 10 to SEC Chair Gary Gensler expressing concern about the commission’s “failure to carry out thorough quantitative analyses of the economic impact of [its] proposals on small and emerging regulated entities, as required by law,” which has generated “regulatory uncertainty that will, undoubtedly, incite market uncertainty.”

Just 50.1% of the votes cast at Warner Brothers Discovery’s May 8 annual meeting supported the company’s say-on-pay proposal.

Only 29% of executives believe that the?directors on their boards are doing a good or excellent job, and nearly nine in 10 believe that at least one director should be replaced, according to “Board effectiveness: A survey of the C-suite,” a new report by PwC and The Conference Board.