In a June 28 letter, CII urges the UK Financial Conduct Authority to include sunset provisions for companies with dual-class share structures in its new single-segment listing regime.

Investor advocates are assessing the U.S. Supreme Court’s June 29 rejection of affirmative action and its potential impact on companies and investors.

SEC Commissioner Mark Uyeda warned that the SEC will not succeed in its mission if it fails to “prevent value-eroding shareholder proposals from being part of the annual meeting process.”

A shareholder proposal asking Kroger to report on gender and racial pay gaps received a majority of the votes cast at the company’s June 22 annual meeting.

Seven companies have agreed to improve disclosure of their spending on political causes after reaching agreements with the New York State Common Retirement Fund. The fund subsequently withdrew shareholder proposals it had filed at each company.

The Senate Banking Committee June 21 passed the Recovering Executive Compensation from Unaccountable Practices (RECOUP) Act, S. 2190, in a 21-2 vote; Reps. Any Barr (R-Ky.) and Rick Allen (R-Ga.) June 21 introduced the Ensuring Sound Guidance (ESG) Act, H.R. 4237, which would limit ERISA fiduciaries' ability to consider environmental, social, and governance (ESG) factors in their investment decisions; and the ESG Working Group, which was formed in February by GOP lawmakers to “protect the financial interest of everyday investors from progressive activists who are using our institutions to force far-left ideology on Americans,” released a memo June 23 outlining its key priorities.

Met With S&P DJI on Its Decision to Reopen S&P 1500 to Multi-Class Companies; Correspondence; Webinars and Podcasts

Approved Amendments Shedding More Light on Stock Repurchases; Court Backs SEC’s Rollback of Proxy Advisor Rules; Gensler Pledges to Allow No-Action Relief for SIFMA to Expire; Uyeda Renominated to Serve at SEC Until 2028; National Association of Manufacturers Challenges SEC’s No-Action Process in Court; and SEC Lets NYSE and Nasdaq Delay Effective Date of Clawback Listing Standards

Lawmakers Interrogate SEC Chair at Oversight Hearing; GOP Lawmakers Urge Gensler to Focus on Deregulation; Rep. McHenry Urges Appropriations Committee to Block Funding for Key SEC Rules; GOP Senators Say SEC Falls Short on Assessing Impact of Rules on Small and Emerging Companies; House Clears Bill Requiring Multi-Class Companies to Disclose Info on Voting Power; Bill Would Require FDIC to Recoup Three Years of Pay from Executives at Failed Banks; GOP Lawmakers Think SEC is Too Close to EU on Climate Disclosure Rules;