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.
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.
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.
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.
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.
The number of shareholder proposals asking for independent board chairs is declining as more companies separate the roles.
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.
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.
Each proxy season, CII highlights upcoming annual meetings at which shareholder proposals filed by CII members will come to votes.
Tracy Stewart, Formerly of FSBA, Joins CII Team