Council of Institutional Investors

Section: July 22, 2021 | Vol 26, Issue 27
Ides Capital Pushes Monro to Drop Golden Share Stock Structure
Ides Capital sent Monro shareholders a letter July 19 urging them to vote for its shareholder proposal asking the company to ditch its ‘golden share’ voting structure, adopt a one share, one vote arrangement and eliminate any veto power held by one class of stock over another.
COPERA CIO Offers Lawmakers Ideas for Reforming Credit Rating Agencies
Amy McGarrity, CIO of the Colorado Public Employees’ Retirement Association, offered recommendations on how to improve credit rating agencies in her testimony July 21 before the House Financial Services Committee’s Subcommittee on Investor Protection, Entrepreneurship and Capital Markets.
BlackRock’s Support of Shareholder Proposals Doubled in 2021
BlackRock supported 35% of the shareholder proposals it voted on in 2021, more than double the percentage it voted for in 2020, says a new stewardship report from the asset manager.
Chamber Pushes for SEC Enforcement of Proxy Advisor Rules
The Chamber of Commerce sent a letter July 19 to SEC Chair Gary Gensler expressing serious concern about the commission’s decision to not enforce the proxy advisor rule it adopted in July 2020 and making recommendations on how to improve the rule.