Council of Institutional Investors

Section: September 16, 2021 | Vol 26, Issue 35
CII Urges FASB to Prioritize ESG-Related Disclosures, Presentation of Cash Flow Statements
CII sent a letter to the Financial Accounting Standards Board (FASB) September 16 urging FASB to prioritize at the top of its agenda ESG-related disclosures and the presentation of statements of cash flows.
CII Letter Backs Mandatory Five-Year Sunset for Dual-Class Shares in the U.K.
CII sent a letter September 14 to the U.K. Financial Conduct Authority (FCA) on its proposal to allow companies with dual-class stock structures to be listed on the premium segment of the London Stock Exchange for a maximum of five years.
SEC Chair Promises to Propose Rules on Disclosure of Multiple ESG Topics
Testifying September 14 before the Senate Banking Committee, SEC Chair Gary Gensler said he plans to put out for comment proposed rules that would provide investors with more disclosure on cybersecurity, special acquisition companies (SPACs), variable interest entities (VIEs), human capital management, corporate political spending and climate change.
Blue Apron Delivers Shareholder Value with Capital Rise Following Major ESG Reforms
Blue Apron announced September 15 an ESG overhaul, including the adoption of a one share, one-vote structure.
Recent Ruling in Boeing Case Exposes Fundamental Governance Shortcomings
In a September 7 ruling that allows a derivative lawsuit filed by Boeing shareholders to proceed, Vice Chancellor Morgan Zurn of Delaware’s Court of Chancery said the airline’s board publicly lied about if and how the company monitored the 737 Max’s safety.