Council of Institutional Investors

Section: August 19, 2021 | Vol 26, Issue 31
CII Urges SEC to Take Action on Several Key Governance Issues
CII sent a letter to the SEC August 19 weighing in on the regulatory priorities that the commission set out in its July 30 agenda.
CII-REF Updates Poison Pill Publication with Almost 100 Pills from 2020-2021
The CII Research and Education Fund (CII-REF) just published an update to its May 2020 report, covering a total of 97 poison pills adopted during 2020 and during the first half of 2021.
Monro Shareholders Overwhelmingly Approve Plan to Scrap ‘Golden Share’ Voting Structure
At Monro’s August 17 annual meeting, 88% of the votes cast approved a proposal filed by Ides Capital 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.
Electronic Arts Shareholders Vote Down Say-On-Pay Proposal Again
For the second year in a row, shareholders at Electronic Arts rejected the company’s say-on-pay proposal.
Upcoming Tesla Annual Meeting Features Numerous Proposals on Timely Topics
Tesla shareholders will vote on five shareholder proposals—addressing issues ranging from diversity and inclusion efforts to the use of mandatory arbitration—at the company’s October 7 annual meeting. In addition, management proposals changing directors’ terms and eliminating supermajority voting requirements also appear on the company’s proxy ballot.
ISS Extends Deadline for Responses to Benchmark Policy Survey, Climate Survey
ISS just extended the deadline for investors, companies, and other market constituents to respond to ISS’s annual benchmark policy survey, as well as its new climate survey, from August 20 to August 27.