Council of Institutional Investors

Section: June 17, 2021 | Vol 26, Issue 23
CII to Host In-Person Fall Meeting in Chicago
CII Executive Director Amy Borrus sent a letter June 16 to members announcing a return to a traditional in-person format for the 2021 fall conference September 22-24 at the Westin Chicago River North.
SEC’s Recent Regulatory Agenda Mirrors Many of CII’s 2021 Priorities
The SEC on June 11 released a Spring 2021 rulemaking agenda that closely aligns with most of the priorities that CII set out for this year.
CII Supports SEC’s Climate Change Proposal, Offers Suggestions on Implementation
CII sent a letter June 11 to SEC Chair Gary Gensler supporting the commission’s proposal to require corporate climate change disclosure and offering suggestions on how best to implement the proposal.
CII Backs Diversity Disclosure Amendment to Broad ESG Reporting Bill
CII sent a letter June 14 to House Speaker Nancy Pelosi (D-Calif.), House Minority Leader Kevin McCarthy (D-Calif.), House Financial Services Committee Chair Maxine Waters (D-Calif.) and the ranking member on that committee Patrick McHenry (R-N.C.) supporting a diversity disclosure amendment to H.R. 1187, the Corporate Governance Improvement and Investor Protection Act.
Circuit Court Rules Lawsuit Defending SEC’s Program to Improve Equity Market Trading Data is Premature
The United States Court of Appeals for the District of Columbia Circuit handed down a decision June 15 in a case challenging the SEC’s program to improve core equity market trading data.
Activision Blizzard Extends Time for Shareholders to Vote on Say on Pay
The independent members of Activision Blizzards’ board decided to extend the time that the company’s shareholders have to vote on the company’s say-on-pay proposal by one week although the polls were closed for other matters that the company’s shareholders voted on at the June 14 annual meeting.
Complaint Asks Court to Vacate Shareholder Proposal Rule Changes
The Interfaith Center on Corporate Responsibility, As You Sow and James McRitchie filed a complaint June 15 in the U.S. District Court for the District of Columbia challenging the SEC’s amendments to Rule 14a-8, which governs shareholder proposal filings.
Citing Dual-Class, Classified Board Concerns, CtW Urges DoorDash Shareholders to Vote Against Founder
The CtW Investment Group sent a letter May 27 to DoorDash shareholders urging them to vote against director Tony Xu at the company’s June 22 annual meeting.
Upheaval at Lordstown Underscores Danger Posed by SPAC Mergers’ Projections
On June 14, electric vehicle (EV) manufacturer Lordstown Motors, which went public last fall following a SPAC merger vote in August, announced the departure of CEO Steve Burns and CFO Julio Rodriguez.
Investors Call for Change After Toshiba Investigation Reveals Company Sought to Influence Shareholder Vote
The results of an independent investigation into the integrity of the vote at the 2020 Toshiba annual meeting were published last week, spurred by a resolution from Effissimo Capital Management at the company’s March special meeting that garnered support from 58% of the shares voted.