Section: November 21, 2024 | Vol 29, Issue 43
CII Members Invited to Comment on Changes to CII’s Policies on Reincorporation and Stealth Dual-Class Stock
CII members are invited to weigh in on proposed amendments to CII’s corporate governance policies updating a policy on reincorporation and another on stealth dual-class stock.
New ICEV Report Sheds Light on How Investors Vote on Dual-Class Stock Structures
A new report just published by the Investor Coalition for Equal Votes (ICEV) provides insights into the voting policies on dual-class stock structures (DCSS) of 31 of the world’s largest investors, both asset owners and managers.
Gensler to Depart from SEC January 20
SEC Chair Gary Gensler will leave his post on January 20, the SEC announced. November 21.
Fifth Circuit Upholds SEC’s No-Action Process
A three-judge panel of the Fifth Circuit upheld the SEC’s no-action process for shareholder proposals in a November 14 ruling.
Group Calls ExxonMobil CEO Too Climate-Friendly, Says He Should Resign Immediately
The conservative National Legal and Policy Center sent a letter November 14 to ExxonMobil’s board of directors calling for the immediate resignation of the company’s CEO and Chair Darren Woods.
CalPERS Highlights Its 2024 Proxy Voting Trends
CalPERS’ annual proxy season wrap-up indicates that the pension system increased support for environmental and social shareowner proposals, maintained steady support for directors—both in the United States and globally—and voted against fewer executive compensation proposals.
Financial Standards Groups Share Progress on Climate-Related Disclosures
Twenty-one out of 24 member jurisdictions have adopted regulations or guidelines on climate-related financial disclosures, according to a new report by the Financial Stability Board (FSB).