Council of Institutional Investors

Section: October 14, 2021 | Vol 26, Issue 38
SEC Reopens Comment Period for Proposed Rules on Clawbacks
The SEC October 14 reopened the comment period for proposed rules to implement the clawback requirements in Section 954 of the Dodd-Frank Act.
Proposed DOL Rule Reverses Previous Regs on ESG Factors in Investing and Proxy Voting
The Department of Labor issued a proposed rule October 14 that makes clear that climate change and other ESG factors are often material and that, in many instances, fiduciaries should consider them when assessing investment risks and returns and when casting proxy ballots.
CII Letter Highlights Support for Draft Bill on Dual-Class Stock, Diversity Disclosure
CII sent a letter October 12 to leaders of the House Financial Services Committee reiterating CII’s strong support for a draft bill to improve the governance of multi-class companies and to require listed companies to make diversity disclosures, and highlighting recent supportive comments from investors and other organizations for that legislation.
Shareholder Proposals Pass, Management Proposals Fail at Tesla’s Annual Meeting
At Tesla’s October 7 annual meeting, two shareholder proposals passed and two management proposals to adopt governance reforms failed to garner the supermajority support they required for passage.
KKR Gets Set to Wind Down Board-Controlling Preferred Stock
As part of a changing of the guard at KKR, the private equity firm is adopting a significant governance reform.
News from Capitol Hill
News from Capitol Hill
New Report Provides Guidance for Boards Integrating ESG Into Executive Pay
A new report by PwC and the Center for Corporate Governance at the London Business School finds that 45% of FTSE 100 companies have an ESG target in their annual bonuses, long-term incentive plan or both.