Section: July 13, 2023 | Vol. 28, Issue 25
U.S. public companies with both dual-class stock (without time-based sunsets) and classified boards had significantly lower returns from June 2018-June 2023, according to data compiled by CII.
One hundred sixty members logged on to CII’s Shareholder Advocacy Committee July 10 webinar on which 10 member representatives shared their 2023 proxy season accomplishments.
As he had previously promised, SEC Chair Gary Gensler did not stop the July 3 expiration of the temporary no-action relief that the SEC granted to the Securities Industry and Financial Markets Association (SIFMA), allowing investors to pay separately for research and trade execution.
Broker order routing and private markets are listed among the SEC’s Office of Investor Advocate’s key focus areas for fiscal 2024 listed in a new report.
During a July 12 House Financial Services Committee hearing on “Protecting Investor Interests: Examining Environmental and Social Policy in Regulation,” experts and lawmakers debated the costs and benefits associated with considering ESG factors when making investment decisions and voting proxy ballots.
A July 13 hearing held by the House Financial Services Committee’s Subcommittee on Capital Markets focused on “Reforming the Proxy Process to Safeguard Investors Interests” and featured a panel discussing the roles that the SEC and proxy advisor firms play in the proxy voting process.
A new report warns that the erosion of democratic practices and norms in the United States poses risks to investors.
The ISSB will assume the disclosure oversight responsibilities currently held by the Task Force on Climate-related Financial Disclosures, following a request from the Financial Stability Board (FSB) last week.
A record number of shareholder proposals received majority support this proxy season in Japan. In June, 21 of 385 proposals considered at 90 annual meetings received more than 50% of the votes cast, according to a new report by shareholder activism and advisory firm Nanahoshi Management.