Amendments to the SEC’s shareholder proposal rules that require longer time periods for holding stock, higher ownership levels and elevated levels of support for resubmission were allowed to stand in a June 5 ruling by a federal district judge.
by: Rosemary Lally
6/12/2025
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Dozens of former Public Company Accounting Oversight Board (PCAOB) members and accounting professors sent a letter June 4 to the leadership of the House Budget Committee and the Senate Banking committee arguing that a provision in the huge budget reconciliation bill that would fold the PCAOB into the SEC violates the Byrd Rule.
by: Rosemary Lally
6/12/2025
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The Delaware Supreme Court will hear Thomas Drew Rutledge v. Clearway Energy Group, a case challenging Delaware Senate Bill 21 (SB 21), which decreased shareholder rights in mergers and acquisitions that involve a controlling shareholder and curtailed investors’ books and records request rights.
by: James Crowe
6/12/2025
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CII executive Director Bob McCormick and several CII members will participate in the SEC’s June 26 roundtable on executive compensation disclosure requirements, the commission announced.
by: Rosemary Lally
6/12/2025
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Just 22% of Netflix shareholders voted to re-elect Lead Independent Director Jay Hoag to the company’s board at the June 5 annual meeting.
Hoag, who has served on the board since 1999, attended only 50% of the meetings of the board and the committees on which he sits in fiscal 2024 and the board did not disclose the reasons for his absences.
by: Rosemary Lally
6/12/2025
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For the fourth year in a row, shareholders at HelloFresh voted down the company’s say-on pay proposal.
by: Rosemary Lally
6/12/2025
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