The SEC January 24 approved new rules to enhance transparency and investor protections that apply to shell companies known as special purpose acquisition companies (SPACs) and to the process by which private companies enter the public markets through mergers with those shell companies, known as de-SPAC transactions.

ExxonMobil is not taking the usual route of seeking permission from the SEC to keep a shareholder proposal off its proxy statement. Instead, the oil company is suing Arjuna Capital and Netherlands-based grassroots organization Follow This to get approval from a judge to omit a resolution on greenhouse gas emissions.

The 26 states that are challenging the Department of Labor’s (DOL) investing rule in a U.S. appeals court have asked that court to wait to decide on the case until the Supreme Court issues a ruling on another case involving the regulatory powers of federal agencies.

During a January 24 Tesla earnings call, Elon Musk said he would like to create a super-voting class of stock that would give him a 25% stake in the company, almost doubling his current stake.

?The updated engagement priorities, global stewardship principles and U.S. proxy voting guidelines that BlackRock released January 19 include some tweaks, but no major changes.

Outgoing Kentucky Attorney General Daniel Cameron was appointed CEO of the 1792 Exchange, a non-profit dedicated that its website says is dedicated “to protecting small businesses and non-profits from ‘woke’ corporations and to educating Congress and stakeholder organization about ‘the dangers of ESG.’”