CII sent a letter to the Department of Labor (DOL) December 2 generally supporting its proposed rule on ESG investing and proxy voting, with some suggestions for improvements.
The final rules the SEC approved on November 17, requiring universal proxies in contested elections for seats on public company boards, a move that CII has long supported, also included another provision for which CII has been a vocal advocate.
The SEC vigorously defended the changes it made to the shareholder proposal rules in 2020 in a November 19 motion seeking summary judgement of a lawsuit filed by the Interfaith Center on Corporate Responsibility, James McRitchie and As You Sow.
The SEC November 18 proposed a rule requiring securities lenders to report data to an oversight body such as the Financial Industry Regulatory Authority (FINRA) on each loan within 15 minutes.
The Securities and Exchange Commission’s Investor Advisory Committee (IAC) hosted a panel discussion at its December 2 meeting on “Crypto and Digital Assets: Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies.”
Nasdaq has filed a proposal with the SEC to make it easier for SPACs to list on its Global Market.
Rep. Patrick McHenry (R-N.C) , the ranking member of the House Financial Services Committee, and Bill Huizenga (R- Mich.), the top Republican on the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, sent a letter November 30 to Committee Chair Maxine Waters (D-Calif.) asking her to join with Republicans on the committee who are trying to get answers about the SEC’s purge of the Public Company Accounting Oversight Board (PCAOB) last June.
A shareholder proposal asking Microsoft’s board to release a report assessing the effectiveness of the company’s workplace sexual harassment policies received the support of 78% of the votes cast at the company’s November 30 annual meeting.