Council of Institutional Investors

Section: January 20, 2022 | Vol 27, Issue 3
CII Finds Inclusion of Time-Based Sunsets in Dual-Class IPOs Continues Upward Trend
CII’s updated dual-class list finds that 43% of the 94 IPOs launched in 2021 that included dual-class structures also incorporated time-based sunsets under which these structures eventually expire.
SEC Set to Issue Proposed Rules on Private Equity Disclosure, Executive Compensation
The SEC will release three proposals next week, reports The Wall Street Journal.
Lawmakers Asks SEC Chair to Lengthen Comment Periods for Rulemakings
Sen. Pat Toomey (R-Penn.) and Rep. Patrick McHenry (R-N.C.) sent SEC Chair Gary Gensler a letter January 10 asking him to immediately extend all comment periods for the SEC’s “proposed rules of significance” to at least 60 days, including reopening the comment filing for those rulemakings with shorter comment periods that have closed prematurely.
BlackRock CEO Advises Corporate Leaders on Adapting to Major Shifts in the Markets
In his annual letter to CEOs, BlackRock Chair and CEO Larry Fink discussed the changing workplace, the surge in privately funded companies and navigating the global energy transition.
CII Conference Speaker Proposes Blueprint to Level the Playing Field for Paths to Going Public
Throughout the half-trillion-dollar SPAC boom that took off in 2020, investors have increasingly wondered why investor protections differ so substantially between the traditional IPO and the SPAC route to going public, given their common function.
SEC Seeks Candidates to Serve on Investor Advisory Committee
The SEC is seeking candidates for its Investor Advisory Committee (IAC).
Following Majority Shareholder Vote, Microsoft Board Hires Law Firm to Assess Sexual Harassment Policies
Microsoft’s board announced it is hiring law firm Arent Fox to review the effectiveness of the company’s sexual harassment and gender discrimination policies.