Council of Institutional Investors

Section: October 28, 2021 | Vol 26, Issue 40
House Subcommittee Examines Threats Posed by Chinese Companies
The House Financial Services Committee’s Subcommittee on Investor Protection, Entrepreneurship and Capital Markets held a hearing October 26 on “Taking Stock of ‘China, Inc.’: Examining Risks to Investors and the U.S. Posed by Foreign Issuers in U.S. Markets.”
CII Backs SEC Rulemaking to Require Disclosure of Fees Charged by Private Fund Advisors
CII sent a letter to SEC Chair Gary Gensler October 28 strongly supporting a rulemaking that would mandate regular reporting of all direct and indirect fees and expenses charged by private fund advisors and their affiliates to investors.
CII Supports PCAOB’s Proposed Amendments on Auditing Standards
CII sent a letter to the Public Company Accounting Oversight Board (PCAOB) October 28 offering feedback on the PCAOB’s proposed amendments to its auditing standards related to the supervision of audits that involve accounting firms and individual accountants outside the accounting firm that issues the audit report.
Two Large Funds Accelerate Exits from Fossil Fuel Companies
Two global funds just announced plans to dramatically scale back investments in fossil fuel companies.
SEC Settles Fraud Case with Post-SPAC Music Streaming Company
The SEC on October 27 announced a $38.8 million settlement with Greek music streaming company Akazoo on charges of defrauding investors in connection with its 2019 acquisition by special purpose acquisition company (SPAC) Modern Media Acquisition.
Disclosure by Audit Committees has Grown More Fulsome, Finds EY
For the 10th consecutive year, the EY Center for Board Matters reviewed voluntary proxy statement disclosures by Fortune 100 companies relating to audit committees and found that while year-over-year changes are relatively minor, disclosures increased dramatically since 2012.
News from CII: Important Membership Deadlines
News from CII: Important Membership Deadlines