Section: May 16, 2024 | Vol 29, Issue 19
CII Urges Delaware Bar to Reconsider DCGL Amendments Overturning Ruling that Limits Use of Contracts to Constrict Board Powers
In a May 14 letter to the president of the Delaware Bar Association, CII expressed concern about proposed amendments to the Delaware General Corporation Law.
PCAOB is Combatting Uptick in Audit Deficiencies, Says Willams
The number of audit deficiencies uncovered by the Public Company Accounting Oversight Board (PCAOB) in its inspections has gone up dramatically, PCAOB Chair Erica Williams said May 16 during the SEC’s Division of Investment Management’s annual Conference on Emerging Trends in Asset Management.
Number of No-Action Requests Granted by SEC Staff Has Jumped
Many more shareholder proposals are being omitted from proxy ballots this proxy season, finds an analysis by Sanford Lewis, general counsel of the Shareholder Rights Group.
News from Capitol Hill
Senators Urge Gensler to Issue Share Repurchase Rule 2.0--Senators and Lawmakers Say German Company’s Acquisition of ISS Presents National Security Risk