An analysis by CII staff finds that members who are asset owners largely kept the disclosure of their proxy voting and stewardship resources the same over the past year, but many asset manager members made significant changes, perhaps in response to the SEC’s recent guidance on 13D and 13G filings. ?

An April 1 letter from the Chamber of Commerce asks the House Financial Services Committee to increase oversight of proxy advisors and ESG rating firms, reform the shareholder proposal rules and repeal the universal proxy rules.

Elliott Investment Management launched a proxy fight at Phillips 66 seeking to replace board members with its four nominees and to declassify the oil refiner’s board at the company’s May 21 annual meeting.

The SEC’s recent guidance on shareholder proposals is already shaping the 2025 proxy season, finds ISS. Proponents are withdrawing environmental and social proposals at much higher rates and the SEC is granting no-action requests for some of these types of proposals far more frequently, reports an ISS blog.