Section: October 22, 2026 | Vol 31, Issue 40
Market Participants Raise Concerns with Tokenization of Shares
Companies and investors alike have expressed concerns about the SEC’s September 17 “Innovation Exemption,” which permits the trading of “tokenized” versions of U.S. companies’ shares on a trial basis.
New CII Webpage Makes Strong Case for Retention of Rule 14a-8, Provides Resources for Members to Craft their Own Defense
CII just launched a webpage focusing on the value and utility of shareholder proposals.
Oklahoma Court to Rule on Whether to Temporarily Block Law Restricting Proxy Advisors
A U.S. District Court judge said he will rule prior to November 1 on whether to temporarily block Oklahoma’s Proxy Advisor Transparency Act (HB 4429), which is scheduled to take effect that day.
Delaware Court Halts Cloudflare Recapitalization Aimed at Entrenching Founder Control
On October 16, the Delaware Court of Chancery issued a preliminary injunction against cybersecurity firm Cloudflare’s planned recapitalization, despite approval by a committee considered independent under state law.
PCAOB's IAG Discusses Most Decision-Useful CAMs/KAMs for 2025
On October 21 the members of the Investor Advisory Group (IAG) of the Public Company Accounting Oversight Board (PCAOB) discussed the three most decision-useful critical audit matters (CAMs) and key audit matters (KAMs) for 2025, which had previously been chosen by vote at a virtual meeting on August 20
“Modernization” Proposal Would Narrow Window for Investors to Recall Shares on Loan
To help manage time-sensitive share recall decisions, many investors that participate in securities lending seek to know the record date for forthcoming shareholder meetings prior to the release of the proxy statement, which generally provides ex-post record date disclosure.
Meta Issues New Class of Non-Voting Stock
Meta announced this week that it has amended its charter in connection with the establishment of a new class of nonvoting stock, with the objective of issuing such shares to fund future AI-related investments and support the continued residence of CEO Mark Zuckerberg in the state of California.