Council of Institutional Investors

Section: September 2, 2021 | Vol 26, Issue 33
SEC Investor Advisory Group to Consider Reforms to Rules for Executive Trading Plans and SPACs
The SEC’s Investor Advisory Committee on September 9 will consider draft subcommittee recommendations for changes to rules for 10b5-1 trading plans for corporate insiders and for SPACs (special purpose acquisition companies).
Leading U.S. Law Firms Reject Lawsuit Challenging Classification of SPACs
A group of 58 of the largest U.S. law firms have endorsed a joint statement rebutting a recently filed derivative lawsuit asserting that SPACs are investment companies and should be regulated under the Investment Company Act of 1940.
U.K.’s Accounting Watchdog Calls for More Independent Oversight at Audit Firms
The Financial Reporting Council, the U.K.’s accounting watchdog, just published an update of its Audit Firm Governance Code aimed at ensuring independent oversight of firms and strengthening the operational separation of the audit practice from other firm business.
Meeting to Watch: FedEx 9/27
FedEx shareholders will vote on five shareholder proposals at the company’s September 27 annual meeting:
Meeting to Watch: Nike 10/6
At Nike’s October 6 annual meeting, shareholders will consider the following shareholder proposals: