Section: November 20, 2025 | Vol 30, Issue 43
SEC Decision to Bow Out of No-Action Decisions Sparks Outcry
The SEC made a bombshell announcement November 17 when it said commission staff would refrain from weighing in on most no-action decisions this proxy season and investors were quick to express their strong objections to the move.
Court Ruling Puts California Climate Risk Reporting Requirements on Hold
The U.S. Court of Appeals for the Ninth Circuit granted an injunction that temporarily halts the enforcement of California Senate Bill 261, which would have required thousands of companies to publicly disclose their first climate-related financial risk reports by Jan. 1, 2026.
Korean Commission Proposes Measures to Improve Corporate Disclosure
In a move meant to strengthen the disclosure practices of listed companies,?South?Korea’s Financial Services Commission?(FSC) proposed?on November 17?a reform package entitled?“Measures to Improve Corporate Disclosure for Better Market Access and Shareholder Protection.”?The package includes?a number of enhancements to executive compensation,?annual meeting?vote results and other disclosures at listed companies.?Furthermore,?large companies will?be required?to?disclose?certain material information in English.??
ISS Launches Website Aimed at Correcting Misinformation
ISS on November 20 launched the Protect the Voice of Shareholders website, which aims to correct misinformation about ISS and the role of proxy advisors and to help protect the rights of institutional investors to invest how they choose.
Feedback Requested on Egan Jones’s Draft Policies
Egan Jones is seeking feedback on its 2026 draft policy overviews by December 3. The proxy advisor has five different draft policies that reflect the priorities of its various investor clients.
IPO Companies Keep Poor Governance Practices Post Launch, Finds Study
A new study of post-IPO governance trends by the Cooley law firm finds that many companies hold onto governance provisions not considered best practices.