Council of Institutional Investors

Section: June 10, 2021 | Vol 26, Issue 22
CII Recommends Changes to Rule 10b5-1 Trading Plans at IAC Meeting, Gensler Makes Similar Suggestions
Testifying at a June 10 meeting of the SEC’s Investor Advisory Committee (IAC), CII General Counsel Jeff Mahoney said CII has had concerns about Rule 10b5-1 trading plans since 2008 when it adopted a policy on the plans.
SEC Chair Gensler Says Commission to Review Market Structure Issues
In a June 9 speech to the Global Exchange and Fintech Conference SEC Chair Gary Gensler said he has asked the SEC to review rules on market structure issues including payment for order flow.
SEC Ousts PCAOB Chair, Board Members
The SEC announced June 4 that it removed William Duhnke III from his position as chair of the Public Company Accounting Oversight Board (PCAOB) and replaced him with Duane DesParte, who is now the acting chairperson.
Republican Lawmakers Challenge SEC’s Corporate Climate Disclosure Proposal
Twenty-two Republican Members of Congress wrote to SEC Chair Gary Gensler last week challenging the chair’s proposal to require corporate disclosure on climate change.
Proposals Asking for Info on Political Contributions Receive Record Levels of Support
The current hyper-politicized environment propelled record high levels of support for shareholder proposals asking companies to report on their political contributions and a smaller bump in support for proposals on disclosure of lobbying payments and policies.
As Companies Separate Chair and CEO Roles, Proposals on Topic Decline
The number of shareholder proposals asking for independent board chairs is declining as more companies separate the roles.
New Initiative Aims to Boost Asian American/Pacific Islanders to 10% of Fortune 1000 Directors by 2025
Ascend Pinnacle, a network of pan-Asian corporate directors and aspiring directors, today launched a campaign to boost the number of Asian American/Pacific Islanders (AAPI) serving on Fortune 1000 boards from 4% today to 10% by 2025.
IIRC, SASB Merge to Form Value Reporting Foundation
The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) have merged to form the Value Reporting Foundation, which supports business and investor decision-making with: Integrated Thinking Principles, an Integrated Reporting Framework and SASB Standards.
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.
News from CII
Tracy Stewart, Formerly of FSBA, Joins CII Team