Council of Institutional Investors

Section: May 27, 2021 | Vol 26, Issue 20
SEC, Citing CII Comment Letters, Nixes Nasdaq Proposal to Loosen SPAC Listing Standards
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 Urges DOL to Adopt New Approach to Rules on ESG Investing and Proxy Voting
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 Says Nasdaq’s Listing Criteria for Companies in Restrictive Markets Falls Short
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 Opposes Australian Treasury’s Proposed Proxy Advisor Regulations
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.
Investors, Activists Send Strong Messages to Big Oil Companies on Climate Change
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 Explains to Lawmakers Agency’s Pressing Challenges
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:
House Subcommittee Hearing Tees Up Statutory Liability on SPAC Mergers
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.
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.