Council of Institutional Investors

Section: May 20, 2021 | Vol 26, Issue 19
Investor Coalition Commits to Improving Equity and Inclusion in Financial Services Industry
The Corporate Call to Action: Coalition for Equity & Opportunity (CCA), a corporate social justice initiative launched by the Connecticut Office of the Treasurer in partnership with the Ford Foundation, on May 18 unveiled four new commitments it is making to improve economic and racial equity in the financial services industry.
Elliott Urges Duke Energy to Break Up Company, Shake Up Board
Elliott Investment Management sent Duke Energy’s board a letter May 17 pressing the company to review a plan to separate into three regionally focused, publicly traded utility holding companies in the Carolinas, Florida and the Midwest.
Women Gain Board Seats but Progress Toward Parity Drags
A new study released by Equilar May 20 shows that while boards are making significant progress in adding more women to their ranks, progress toward overall gender parity is slow and faces obstacles.
PCAOB Proposes Rules on Auditors in Foreign Jurisdictions
The PCAOB May 13 unanimously voted to issue for public comment a proposed rule that would establish a framework for the board it to determine when it is unable to inspect registered public accounting firms located in a foreign jurisdiction as a result of a position taken by authorities in that jurisdiction.
House Passes Bill to Help Define and Prosecute Insider Trading
The House in a 350-to-75 vote on May 18 passed the Insider Trading Prohibition Act, H.R. 2655, which codifies principles on insider trading set by the courts and helps eliminate the ambiguities that have existed in the case-by-case evolution of the law in this area.
May 26 Marks Record Day for High Profile Shareholder Meetings
May 26 is a milestone day in the 2021 proxy season, with five high profile S&P 500 companies holding their annual meetings then.
Upcoming Annual Meetings Featuring Shareholder Proposals Filed by CII Members
Each proxy season, CII highlights upcoming annual meetings at which shareholder proposals filed by CII members will come to votes.