In a July 18 letter, CII urged the SEC not to approve a request from the New York Stock Exchange (NYSE) to change its listing standards to allow Special Purpose Acquisition Companies (SPACs) to remain listed for 42 months while they complete their business combinations.

CII recently released its updated Governance Guide: Proxy Voting. The update, which is one of CII’s members-only governance guides on key governance topics, provides an overview of how proxy voting has transformed over time into a prominent part of share ownership and a vehicle for shareholders to express their views to portfolio companies on a range of topics.

In the first incident in which an executive was found guilty of using Rule 10b5-1 trading plans to illegally trade stock in a company, former Ontrak CEO and Chairman Terren Peizer late last month was convicted by a Los Angeles federal jury.

The U.K.’s new labor government July 17 announced plans to appoint an accounting regulator that would replace the Financial Reporting Council (FRC).

In 2024, corporations ramped up the number of no-action requests that they filed with the SEC and the commission granted more of those requests than in recent years, reports a memo by Skadden Arps Partner Marc Gerber.