Section: March 28, 2024 | Vol. 29, Issue 12
CII Supports PCAOB’s Efforts to Stop Accounting Firms from Improperly Touting PCAOB Registration
CII sent the Public Company Accounting Oversight Board (PCAOB) a letter March 28 generally supporting its proposal aimed at ensuring that public accounting firms do not mislead investors by improperly using PCAOB registration as a marketing tool.
CII Invites Index Providers to Discuss Its Policy on Consultation Processes
CII is requesting meetings with the three major index providers to discuss the policy CII’s U.S. Asset Owner Members approved March 4 that urges index providers to engage in a robust public consultation process when they are contemplating significant changes to benchmark indexes.
Shareholder Proposals Seek Binding Votes on Directors’ Pay
Michael Levin, who publishes The Activist Investor newsletter, has teamed up with prolific shareholder proponent John Chevedden to file 12 binding shareholder proposals calling for companies to adopt bylaws that would require shareholder votes on directors’ compensation. U
Citigroup, JPMorgan Agree to Disclose Energy Financing Ratios
Recently, Citigroup and JPMorgan agreed to disclose their financing ratio of low-carbon energy supply to fossil fuel energy supply.
SEC Invites Candidates for its Investor Advisory Committee
The SEC is seeking five candidates for appointment to the commission’s Investor Advisory Committee.
State Street Wants Companies to Disclose More Info on Director Time Commitments
?State Street Global Advisors (SSGA) is calling on S&P 500 companies to provide more detailed information about their internal policies on director time commitments, reveals SSGA’s recently released 2024 Global Proxy Voting and Engagement Policy.
House Judiciary Committee Subpoenas As You Sow as Part of Broad Probe into ESG and Antitrust Violations
As You Sow is the latest organization to be subpoenaed by the House Judiciary Committee as part of its probe into whether ESG investing violates federal antitrust laws.
Study Highlights Trends in Retention Efforts after Mergers and Acquisitions
Companies conducting mergers and acquisitions are shrinking retention periods, emphasizing pay for performance and using nonfinancial incentives to retain employees, finds a new study by WTW, a global advisory company.