Section: November 9, 2023 | Vol. 28, Issue 41 |
SEC Should Repropose Climate Disclosure Rules, Suggests Uyeda
The SEC should consider reproposing its climate disclosure rules before finalizing them, said SEC Commissioner Mark Uyeda in a November 7 speech before the Practising Law Institute.
Hill Hearing Blasts ESG Factors as Threats to Retirement Savings
Brandon Rees, deputy director of the AFL-CIO’s Office on Investment, was the only witness at a November 7 House Ways and Means Committee hearing to defend the merits of considering ESG factors when making investment and proxy voting decisions.
AFL-CIO Proposal Asks Entertainment Companies to Report on AI Guidelines
The AFL-CIO is filing shareholder proposals asking Apple, Comcast, Disney, Netflix and Warner Brothers Discovery to publish transparency reports on whether they have adopted any ethical guidelines to protect workers, customers and the public from harms related to the use of artificial intelligence (AI).
PwC Survey Tracks Contradictions, Optimism on Boards
PwC’s 2023 Annual Corporate Directors Survey of more than 600 public company directors found a number of contradictions in what directors say they support and the actions they take
Engagement, Not Divestment, Leads to Greener Outcomes, Study Finds
Divesting from fossil fuel companies can be counterproductive for green investors seeking to reduce the carbon emissions of their portfolio companies, according to Divestment and Engagement: The Effect of Green Investors on Corporate Carbon Emissions, a new study by Matthew Kahn and John Matsusaka of the University of Southern California and Chong Shu of the University of Utah.
SEC Now Requires No-Action Correspondence to be Submitted through Online Form
The SEC is requiring all no-action requests and correspondence to be submitted to the commission using a new online shareholder proposal form. Emailed materials will no longer be accepted.