Council of Institutional Investors

Section: September 9, 2021 | Vol 26, Issue 34
Bundled Information Makes it Difficult for SEC to Assess Investor Harm Says Crenshaw
Expanding on remarks she delivered in March at CII’s spring conference, SEC Commissioner Caroline Crenshaw issued a statement September 3 expressing concerns about companies bundling information to avoid stiff SEC penalties.
Teamsters Urge FedEx Shareholders to Vote Against Say-on-Pay Proposal
In addition to the five shareholder proposals reported in last week’s Alert, FedEx now faces a vote-no campaign on say on pay at its September 27 annual meeting.
SEC Investor Advisory Committee Unanimously Approves Recommendations on SPACs, 10b5-1 Plans
At a September 9 meeting, the SEC’s Investor Advisory Committee (IAC) unanimously approved two recommendations on improving disclosure for special purpose acquisition companies (SPACs) and closing loopholes in and enhancing disclosure on 10b5-1 trading plans for corporate insiders.
SEC Starts to Crack Down on Overblown ESG Labels
Last week U.S. regulators launched an investigation into Deutsche Bank’s asset management arm, DWS Group, after the firm’s former head of sustainability claimed that DWS was exaggerating how much it used sustainable investing criteria to manage assets.