Council of Institutional Investors

Section: November 18, 2021 | Vol 26, Issue 43
SEC Passes New Universal Proxy Rules
CII welcomed approval November 17 of final rules requiring universal proxies in contested elections for seats on public company boards.
SEC Proposes Amendments to 2020 Proxy Advisor Rules
At the same November 17 meeting, the SEC, in a 3-2 vote, approved putting out for comment proposed amendments to its controversial proxy advisor rules.
CII Urges SEC to Require Clawbacks for all Restatements
CII sent a letter to the SEC November 18 providing recommendations on the commission’s plans to implement the clawback provision in Section 954 the Dodd-Frank Act.
CII Provides Feedback on ISS’s 2022 Benchmark Voting Policies
CII sent a letter to Institutional Shareholder Services (ISS) November 16 with feedback on the proxy advisor’s 2022 benchmark voting recommendation policies on dual-class voting structures, board diversity and climate-related issues:
Glass Lewis Updates Guidelines on Dual-Class Companies, Post SPAC Governance, Board Diversity, Say on Climate
Glass Lewis has published its updated voting guidelines for U.S. companies with changes that will go into effect for the upcoming proxy season.
House Panel Passes Two Bills Aimed at Regulating SPACs
The House Financial Services Committee November 17 passed two bills aimed at reigning in Special Purpose Acquisition Companies (SPACs).
Microsoft Shareholders Set to Vote on Five Proposals at November 30 Meeting
Microsoft shareholders will vote on five shareholder proposals addressing timely topics at the company’s November 30 annual meeting: