The SEC appointed George Botic to serve as acting chair of the Public Company Accounting Oversight Board (PCAOB) and SEC Chair Paul Atkins solicited candidates for all five PCAOB seats, including the chair.
by: Rosemary Lally
7/31/2025
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In a July 23 status report that the SEC filed in response to court proceedings challenging the commission’s 2024 climate change disclosure rules, the SEC said it did not intend to review or reconsider the rules “at this time.” It also requested that the court end the suspension of the rules and decide the case, but it left the door open for future action depending on the court’s ruling.
by: Rosemary Lally
7/31/2025
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Republican state financial officers from 26 states sent letters to the chairs and CEOs of BNY Mellon, Goldman Sachs, Morgan Stanley, Fidelity Investments, State Street and Vanguard saying that if the asset managers want to continue to do business in their states they should take the following five steps to “reaffirm and operationalize their commitment to traditional fiduciary duty:”
by: Rosemary Lally
7/31/2025
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Institutional Shareholder Services (ISS) filed suit against Texas Attorney General Ken Paxton July 28 in an effort to block enforcement of Texas S.B. 2337, which places onerous disclosure requirements on proxy advisors and is due to go into effect September 1.
by: Rosemary Lally
7/31/2025
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More than 90% of Wise’s Class A stock and nearly 85% of its Class B shares voted July 28 to approve a controversial bundled management proposal that would shift the company’s primary listing to the United States from the U.K. and extend for 10 years the company’s dual-class structure, which was set to sunset by July 2026 in the U.K. ?
by: Rosemary Lally
7/31/2025
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CalSTRS plans to focus on eight key stewardship priorities that address material risks facing its portfolio and beneficiaries.
by: Rosemary Lally
7/31/2025
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Glass Lewis just published its 2025 Policy Survey and is seeking comments on a wide range of issues. Responses to the survey will help determine the proxy advisor’s 2026 Benchmark and Thematic Voting Policy Guidelines.
by: Rosemary Lally
7/31/2025
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Mary Collins, who served on CII’s board for five years between 2003-2007 and then from 2017-2018 died on July 24.
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7/31/2025
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