Section: September 30, 2021 | Vol 26, Issue 36 Part 1: Governance News
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 sent a letter to the International Accounting Standards Board (IASB) September 27 generally supporting IASB’s priority list in its agenda consultation.
The SEC voted 4-1 September 29 to propose the most significant reforms to proxy voting transparency in nearly 20 years.
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.
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’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.