The House Financial Services Committee held a hearing October 5 on SEC oversight in which it issued seven proposed bills, including one backed by CII that would implement recommendations from the SEC’s Investor Advocate.
Beginning Jan. 1, 2022, BlackRock will let institutional clients invested in index strategies (in separate accounts and certain pooled funds in the United States and the U.K.) opt out of having the asset manager vote their shares, the giant asset manager said in an October 7 announcement.
The SEC just announced that at an upcoming October 13 meeting it will consider reopening the comment period for the rule it proposed several years ago to implement the clawback provision in the Dodd Frank Act.
CII on October 6 sent a letter to the Blue Apron board applauding its move to unwind the company’s dual-class stock structure.
News from the SEC This Quarter (Q3)
News from Capitol Hill this Quarter (Q3)
CII on September 23 filed an amicus brief supporting a lawsuit challenging amendments to the shareholder proposal rules the SEC approved in September 2020.
More than 500 CII members and guests registered to tune into CII’s virtual spring conference September 22-24.
During the fall conference CII members approved updates to three CII corporate governance policies concerning board and CEO succession planning and the board’s role in strategy and risk oversight.
CII updated its Dual-Class Enablers list and its Time-Based Sunset list to include de-SPAC mergers and direct listings.
The CII Research and Education Fund (CII-REF) published an update to its May 2020 report, covering a total of 97 poison pills adopted during 2020 and during the first half of 2021.
During this quarter, CII sent six letters on a host of key governance topics being considered by agencies, Congress, exchanges, companies and other entities.
Recordings of these and all previous webinars are available to members in CII's Event Archive. Recent episodes of CII's podcasts are available on all major podcast listening platforms.