Council of Institutional Investors

Section: September 30, 2021 | Vol 26, Issue 36 Part 1: Governance News
CII Files Brief in Support of Lawsuit Challenging SEC 2020 Shareholder Proposal Rule Amendments
CII on September 23 filed an amicus brief supporting a lawsuit challenging amendments to the shareholder proposal rules the SEC approved in September 2020.
CII Weighs in on IASB’s Agenda
CII sent a letter to the International Accounting Standards Board (IASB) September 27 generally supporting IASB’s priority list in its agenda consultation.
SEC Proposal Would Broaden Proxy Vote Disclosure
The SEC voted 4-1 September 29 to propose the most significant reforms to proxy voting transparency in nearly 20 years.
Victory Capital Sheds Dual-Class Structure
In a welcome move this week, global asset management firm Victory Capital Holdings announced that its board of directors had approved amendments to its charter and bylaws to eliminate its dual-class share structure.
Court Ruling Signals Protection Against Fraud in Direct Listings
The 9th Circuit Court's recent ruling in Piriana v. Slack Technologies is a win for investors because it protects certain investor rights against corporate fraud regardless of whether the investor purchased shares through a direct listing or a traditional IPO.
Ohio Department of Commerce Files Amicus Brief Supporting Activist Investors
Ohio’s Department of Commerce on September 24 filed an amicus brief supporting two activist funds, Ancora Advisors and Macellum Capital Management, that are fighting a derivative suit alleging they violated Ohio’s greenmail disgorgement law by selling shares after settling a proxy contest.