Information in the 2023 proxy statements of S&P 100 companies regarding nine key management succession planning elements varies significantly, finds a new CII Research and Education Fund study.

Two Fifth Circuit Court of Appeals judges December 19 vacated an SEC rule that would have required quarterly disclosure of public companies' daily buyback activity.

At a December 20 meeting, the Financial Accounting Standards Board voted down a request from CII to add to its agenda the elimination of the held-to-maturity classification of debt securities.

?A recent report by the House Select Committee on the Strategic Competition between the United States and the Chinese Communist Party recommends that Congress enact legislation “to address how variable interest entities (VIEs) deny U.S. investors basic shareholder rights and protections.”

At a December 12 House Financial Services Committee’s Capital Markets Subcommittee hearing on “Examining the Agenda of Regulators, SROs, and Standards-Setters for Accounting, Auditing” subcommittee chair Ann Wagner (R-Missouri) expressed concern that the Public Company Accounting Oversight Board’s (PCAOB) recently issued proposals “raise red flags regarding the potential overextension of auditors’ responsibilities.”

?Sens. Sherrod Brown (D-Ohio) and Mark Warner (D-Va.) sent a letter December 14 urging SEC Chair Gary Gensler to act quickly to issue new rules on the disclosure of human capital management information by public companies.

SS just announced a number of changes to its governance benchmark policy for 2024. The changes, set to take effect in February 2024, focus on the Canadian, Japanese and Asia Pacific markets.