Council of Institutional Investors

Section: July 15, 2021 | Vol 26, Issue 26
CII Opens Registration for Fall Conference
Registration is now open for CII’s fall conference, Putting the Band Back Together, set for September 22-24, 2021 at the Westin Chicago River North.
CII Members Discuss 2021 Proxy Season Wins in Webinar
CII's Shareholder Advocacy Committee hosted its popular annual Proxy Season Wrap Up webinar on Zoom July 13.
CII Backs IFRS Efforts to Establish ISSB, Suggests Changes to Composition, Funding
In a July 15 letter to the International Financial Reporting Standards (IFRS) Foundation, CII applauds the foundation’s efforts to explore the development of a global architecture for sustainability reporting in the form of an International Sustainability Accounting Standards Board (ISSB).
Activist Investors Seek Dismissal of Suit to Broaden Application of Anti-Greenmail Statue
Two activist funds, Ancora Advisors and Macellum Capital Management, filed a motion to dismiss a derivative suit alleging they violated Ohio’s greenmail disgorgement law by selling shares after settling a proxy contest.
SEC’s Charges Against Space Travel SPAC Highlight Risks to Investors
In a case that underscores the risks to investors associated with special purpose acquisition companies (SPACs), the SEC July 13 announced charges against SPAC Stable Road Acquisition, its sponsor SRC-NI, its CEO Brian Kabot, the SPAC’s proposed merger target Momentus and Momentus’s founder and former CEO Mikhail Kokorich.
SEC’s AMAC Subcommittees Make Recommendations on Diversity and ESG Disclosure
At the SEC’s Asset Management Advisory Committee’s (AMAC) July 7 meeting, two of the group’s subcommittees released recommendations to the commission on disclosure about gender and racial diversity within the industry and on disclosure used for ESG investing.
NYSE Issues Advice to Companies on ESG Disclosure, Engagement
Earlier this month, the New York Stock Exchange released its report on “Best Practices for Sustainability Reporting,” a set of eight guidelines designed to assist listed companies in reporting on, and engaging with, stakeholders about company-specific, environmental, social, and governance (ESG) issues.