Section: February 1, 2024 | Vol. 29, Issue 5
CII Board Appoints Members of Two Advisory Councils for 2024
CII’s board of directors recently appointed the members and leaders of the Corporate Governance Advisory Council (CGAC) and the Markets Advisory Council (MAC) for 2024.
CII Weighs in on FDIC’s Proposed Corporate Governance Guidelines
CII submitted a comment letter January 29 in response to the FDIC’s Proposed Corporate Governance Guidelines.
U.K. Regulator’s Revisions to Corporate Governance Code Raise Red Flags for Investors
The U.K.’s Financial Reporting Council (FRC) January 22 released revisions to its corporate governance code that significantly weaken provisions contained in its November 7 policy statement.
Proponents of Starbucks’ Proposal that Passed Say Resulting Assessment Falls Short
?The Office of the New York City Comptroller Brad Lander and other Starbucks shareholders are raising concerns about the recently released independent review of Starbucks’ stated commitment to workers’ freedom of association and collective bargaining rights.
Delaware Chancellor Rules Musk’s $55.8 Billion Pay Package is Unfair
On January 30, Elon Musk’s $55.8 billion pay package was rescinded under the fairness standard by the Chancellor of Delaware’s Chancery Court Kathaleen Saint Jude McCormick.
TIAA’s Lawsuit Against Silicon Valley Bank Execs Highlights Accounting Problem Raised by CII
In a case filed in California court, the Teachers Insurance and Annuity Association of America (TIAA) argues that failures, including the mis-categorization of investments as being “held-to-maturity” (HTM) by Silicon Valley Bank’s (SVB) ex-CEO Gregory Becker and former CFO Daniel Beck, led to losses for investors.
Chamber, Other Groups Sue California Over Climate Disclosure Laws
?The Chamber of Commerce and five other organizations January 30 filed a lawsuit against the state of California in the U.S. District Court for the Central District of California over the state’s new corporate climate disclosure laws.
Lawmakers Urge Gensler to Revise or Scrap Scope 3 Reporting Requirements in Climate Disclosure Rules
Senators Kyrsten Sinema (I-Ariz.) and Jon Tester (D-Mont.) sent a letter January 24 to SEC Chair Gary Gensler expressing concern that any Scope 3 reporting requirements in the commission’s climate disclosure rules could harm farmers and ranchers.