Section: December 19, 2024 | Vol 29, Issue 47
CII Backs SEC Approval of PCAOB’s Rules on Audit Firm Reporting
CII sent a letter to the SEC December 19 supporting the commission’s approval of the Public Company Accounting Oversight Board’s (PCAOB) recently adopted rules on audit firm reporting.
House Committee’s Report Accuses Pension Funds, Asset Managers of Colluding to Promote Net Zero
A December 13 report by the House Judiciary Committee accuses a “climate cartel” comprised of the three largest asset managers, “blue state public pension funds” and proxy advisors of “colluding to pressure American businesses to commit to ‘net zero’ and scale down disfavored production.”
News from the SEC
Crenshaw’s Reconfirmation Fails and SEC Division of Corporation Finance Director Announces Departure
Ohio Legislature Passes Anti-ESG Investing Bill
The Ohio House of Representatives just passed Ohio Senate Bill 6, which stipulates that state pension funds and endowments should not make investment decisions with the primary purpose of influencing any social or environmental policy or attempting to influence the governance of a corporation.
Carpenters Continue to Fine Tune Director Resignation Shareholder Proposals
The United Brotherhood of Carpenters is still tweaking its shareholder proposals on director resignation procedures and some new iterations of the resolutions are coming to votes in the next few weeks.