Section: May 21, 2026| Vol 31, Issue 19
SEC Proposal Would Significantly Scale Back Reporting Requirements for Public Companies
In an effort “to incentivize companies to go and stay public,” the SEC May 19 proposed scaling back dramatically public companies’ required reporting frameworks.
Texas AG Sues ISS Alleging Deceptive Practices
Texas Attorney General Ken Paxton filed suit against Institutional Shareholder Services (ISS) May 20 claiming that the proxy advisor violated the Texas Deceptive Trade Practices Act (DTPA) by “advertising independent and objective advice while secretly prioritizing a private agenda.”
CII Offers Recommendations on PCAOB’s Strategic Priorities
CII sent a letter May 15 to the Public Company Accounting Oversight Board (PCAOB) weighing in on priorities for the board’s 2026-2030 strategic plan.
Investor Groups Launch Petition to Thwart Attacks on Shareholder Proposal Rule
US SIF, ICCR, Freedom to Invest and the Shareholder Rights Group launched a new website, Protect Shareholder Voice, that points to recent efforts by the SEC to restrict shareholder input and encourages investors to sign a petition.
Senators Raise Red Flags about Risks Tied to Private Credit
Two members of the Senate Banking Committee wrote to the SEC and others to express concerns about the risks that private credit markets are posing to the capital markets.
New Georgia Law Restricts Shareholders’ Rights
Georgia can now be added to the list of states that have passed laws viewed as unfriendly to shareholders.
ISSB Invites Comments on Changes to SASB Standards for Three Industries
The International Sustainability Standards Board (ISSB) is seeking feedback on proposed enhancements to the Sustainability Accounting Standards Board’s (SASB) standards for the following industries: meat, poultry & dairy; agricultural products and electric utilities and power generators.