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.
by: Companies with Both Dual-Class Stock and Classified Boards Have Lower Returns, CII Finds
7/13/2023
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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.
by: Rosemary Lally
7/13/2023
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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.
by: Rosemary Lally
7/13/2023
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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.
by: Rosemary Lally
7/13/2023
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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.
by: Rosemary Lally
7/13/2023
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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.
by: Rosemary Lally
7/13/2023
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A new report warns that the erosion of democratic practices and norms in the United States poses risks to investors.
by: Amy Borrus
7/13/2023
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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.
by: Emmanuel Tamrat
7/13/2023
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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.
by: Emmanuel Tamrat
7/13/2023
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