CII announced June 24 that Bob McCormick, a widely respected corporate governance expert, will succeed Amy Borrus as executive director after she retires June 30.

In a June 27 letter to the Securities and Exchange Commission, CII indicates its general support for the Public Company Accounting Oversight Board’s (PCAOB) final standards.

Delaware Gov. John Carney is widely expected to sign into law amendments to the Delaware General Corporation Law (DCGL) that will let corporations enter into contracts with select stockholders that give them broad power over key board decisions without an amendment to the certificate of incorporation, which requires shareholder approval.

The American Bankers Association (ABA) and three other groups sent a letter to bank regulators strongly opposing a proposed rules intended to prohibit bank executives from receiving incentive-based compensation that encourages inappropriate risks by providing excessive sums.