The CII Research and Education Fund (CII-REF) April 15 released Considerations Before Investing in SPACs, raising awareness of certain aspects of the hottest route to going public, including risk misalignment, unusual attributes of the SPAC/de-SPAC process, uncertain reliability of information shaping investor decisions on whether to redeem shares, and other issues.
CII’s board of directors this week appointed members of key committees and committee chairs for 2021-2022.
CII is pleased to announce that Tracy Stewart will become our director of research on June 1.
Given the continuing public health and safety concerns related to the pandemic, the SEC staff last week updated its guidance to help companies, shareholders and other market participants meet their obligations during the 2021 proxy season.
The Senate on April 14, in a 53-to-45 vote, confirmed former head of the Commodity Futures Trading Commission Gary Gensler as chair of the SEC until June 5, when the current term for the chairmanship ends.
A former Public Company Accounting Oversight Board (PCAOB) lawyer filed a complaint April 12 against PCAOB Chairman William Duhnke for unlawful termination under the DC Human Rights Act, alleging that he “perpetrated a xenophobic and racist campaign” against her because of her Asian heritage, among other things.
In a new campaign led by CtW Investment Group, the Service Employees’ International Union (SEIU) and other groups, shareholders are asking leading banks and other companies to audit the impact of racism on their businesses.
In another recent webinar, Rick Alexander, founding partner and CEO of proponent agent the Shareholder Commons discussed why the group has filed a raft of shareholder resolutions urging companies to change their governing documents to become public benefit corporations (PBCs).
Each proxy season, CII highlights upcoming annual meetings at which shareholder proposals filed by CII members will come to votes.