Council of Institutional Investors

Section: April 15, 2021 | Vol 26, Issue 14
New CII-REF Report Cautions Investors on SPACs
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 Board Appoints Key Committees and Chairs
CII’s board of directors this week appointed members of key committees and committee chairs for 2021-2022.
Tracy Stewart to Be CII’s Director of Research
CII is pleased to announce that Tracy Stewart will become our director of research on June 1.
SEC Staff Issues Updated Guidance for Proxy Season 2021 Annual Meetings
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.
Gensler Confirmed as Chair Until June 5 in Partisan Senate Vote
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.
Former PCAOB Chief Administrative Officer Sues PCAOB Chair for Unlawful Termination
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.
Shareholders Press Companies for Racial Equity Audits
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.
The Shareholder Commons Assists on Public Benefit Corp Conversion Proposals
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).
Upcoming Annual Meetings Featuring Shareholder Proposals Filed by CII Members
Each proxy season, CII highlights upcoming annual meetings at which shareholder proposals filed by CII members will come to votes.