CII filed an amicus brief November 10 supporting a lawsuit that investors in E.Merge Technology Acquisition, a special purpose acquisition company (SPAC), filed against the SPAC and its sponsors.
The SEC November 8 appointed a new chair and members of the Public Company Accounting Oversight Board (PCAOB) after the commission in June ousted former Chair William Duhnke III as chair and sought replacements to fill the other four board positions.
The SEC on November 5 approved Public Company Accounting Oversight Board (PCAOB) Rule 6100, which establishes the processes for the PCAOB to determine under the Holding Foreign Companies Accountable Act (HFCAA) whether it is unable to inspect or investigate completely registered public accounting firms located in a foreign jurisdiction because of a position taken by an authority in that jurisdiction.
Companies must ensure that their statements on climate and other ESG issues are not materially false or misleading as a result of omitting material information, warned the director of the SEC’s Enforcement Division Gurbir Grewal in a November 8 speech.
Institutional Shareholder Services (ISS) announced the launch of a comment period on 16 proposed benchmark policy changes for the 2022 proxy season, including changes related to dual-class shares, board diversity and climate change.