The SEC May 20 disapproved a Nasdaq proposal to loosen listing standards for special purpose acquisition companies (SPACs), citing concerns CII raised in comment letters filed January 7 and March 25.
CII sent a letter May 26 to the Department of Labor (DOL) as a follow-up to a February meeting between CII and DOL discussing DOL’s controversial 2020 rules on environmental, social and corporate governance (ESG) and proxy voting.
CII sent a letter to the SEC May 27 calling inadequate Nasdaq’s proposal on adopting additional listing criteria for companies primarily operating in jurisdictions that do not provide the Public Company Accounting Oversight Board with the ability to inspect public accounting firms.
CII sent a letter May 26 to the Australian Treasury opposing most of the provisions in an April consultation paper in which the treasury proposed further regulation of proxy advisors.
This week shareholder sent a strong message to big oil companies that they need to pay close attention to the risks presented by climate change.
SEC Chair Gary Gensler testified May 26 before the Appropriations Committee’s Subcommittee on Financial Services and General Government on the following five key market trends that he says will challenge the commission’s limited resources:
A May 24 hearing before the House Financial Committee’s Subcommittee on Investor Protection, Entrepreneurship and Capital Markets examined the need for a draft bill that would reform a key driver of private companies opting to go public through a merger with a special purpose acquisition company (SPAC) rather than through a traditional initial public offering (IPO) or a direct listing.
Each proxy season, CII highlights upcoming annual meetings at which shareholder proposals filed by CII members will come to votes.