The quarter CII: Raised Concerns about SEC’s Policy Statement on Mandatory Arbitration; Urged the SEC to Reverse New Stance on No-Action Process; Tracked an Uptick in Zombie Directors and a Significant Portion of Governance Proposals Garnering Majority Support; Supported Nasdaq’s Proposed Listing Requirements for Chinese Companies; Asked the SEC to Consider Improving Two Disclosures, Working on End-to-End Vote Confirmation; and Produced Seven Webinars and Five Podcasts.

JPMorgan’s Decision to Scrap Proxy Advisors Draws Mixed Reactions and PCAOB Publishes Report on Most Decision-Useful CAMs

This quarter the SEC decided to bow out of no-action decisions, sparking an outcry and the SEC Chair revealed plans to reform corporate disclosure requirements.

On Capitol Hill this Quarter: A Bill was Introduced that Would Require Proxy Advisors to Register as Investment Advisors; A Defense that Was Passed Requires FPIs to Report on Insider Stock Trades; a Senator Said She Plans to Push White House to Appoint Democratic SEC Commissioners; the House Passed a Law with a Provision Requiring Disclosure of Multi-Class Share Structures; and Rep. Waters Demanded that the House Financial Services Committee Hold an SEC Oversight Hearing.