Section: June 4, 2026 | Vol 31, Issue 21
SEC’s Investor Advisory Committee Votes Down SEC’s Proposal to Eliminate Quarterly Reporting Requirement
At a June 4 meeting, the SEC’s Investor Advisory Committee voted against the commission’s proposal to end the longstanding requirement that public companies provide quarterly disclosure reports to investors. The committee also discussed the merits of mirror voting.
SEC Proposes Sweeping Goals for Next Four Years
The SEC June 2 published a draft strategic plan for fiscal 2026 to 2030 setting out broad goals for the agency.
Danish Pension Fund Opts Not to Invest in SpaceX Citing Governance Concerns
Akademikerpension, a Danish pension fund managing $25 billion in assets announced May 29 that it placed SpaceX on its portfolio exclusion list ahead of ?the company's IPO, citing concerns about the company’s overvalued stock and abysmal governance.
SEC Cites Multiple Reasons for Scrapping Climate Disclosure Rules
The SEC May 29 proposed rescinding the climate-related disclosure rules previously passed by the commission. The action comes after the rules were placed on hold almost immediately following their approval by the commission in March 2024.
New Hawaiian Law Prohibits Companies from Direct Spending on Elections
Hawaii Governor Josh Green signed into law May 14 a bill that removes the power to spend on elections from the statutes that authorize businesses, trade associations, and other “artificial persons” to operate in the first place. Businesses incorporated in other states but doing business in Hawaii also will be prohibited from spending money on elections.