Council of Institutional Investors

Section: January 18, 2024 | Vol. 29, Issue 3
CII Presses Companies to Heed Shareowners’ Votes
Three directors failed to win majority support from July to December 2023 and five shareholder proposals at five companies won majority support during the same time period,
While Percentage of Newly Public Companies Adopting Dual-Class Structure Rose, Vast Majority of IPOs Still Embrace Equal Voting
A greater proportion of companies that went public in the second half of 2023 adopted dual-class structures with unequal voting rights compared to the first six months of the year.
CII Webinar Highlighted Members’ 2024 Proxy Season Initiatives
One hundred and sixty-five CII members logged into the January 16 Proxy Season Preview Webinar hosted by CII’s Shareholder Advocacy Committee.
Climate Disclosure Rule Subject to Sharp Criticism at Hill Hearing
George Georgiev, associate professor of law at Emory University School of Law, was the only witness at a January 18 hearing who supported the SEC’s proposed climate disclosure rule.
Coalition Files Proposal Asking Shell to Realign Emissions Reduction Targets
Twenty-seven investor groups are co-filing a shareholder proposal asking Shell to align its existing 2030 reduction target covering the greenhouse gas (GHG) emissions of the use of its energy products (Scope 3) with the goal of the Paris Climate Agreement: to limit global warming to well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5°C.
CalSTRS Revamps Governance Principles on Human Capital Management, Board Diversity
The California State Teachers' Retirement System (CalSTRS) January 11 revised its Corporate Governance Principles and made changes to how it approaches sustainability reporting, the board of directors, human capital management and ESG risks and opportunities.
Gensler Discusses How SEC is dealing with Challenges Presented by AI
Artificial intelligence is net positive to society but it comes with micro and macro risks, SEC Chair Gary Gensler said during a January 17 fireside chat with Robert Weissman, president of Public Citizen.