Council of Institutional Investors

Section: February 3, 2022 | Vol 27, Issue 5
CII Board Appoints Advisory Council Members for 2022
CII’s board has appointed the members to its Corporate Governance Advisory Council (CGAC) and Markets Advisory Council (MAC) for 2022.
Universal Proxy Rules, Championed by CII for Years, Now in Place
The universal proxy rules the SEC approved on November 17, requiring universal proxies listing all board nominees in contested elections for seats on public company boards, went into effect January 31.
SEC Staff Begins to Post More No-Action Decisions Online
Following through on its December 13 decision to reverse its previous approach to no-action decisions and to once again issue written responses, the SEC staff has been busy posting many more no-action decisions to its website.
Carpenters Introduce New Governance Proposals to Spark Board Accountability Reset
The United Brotherhood of Carpenters, which played a key role in promoting companies’ widespread adoption of majority voting, is calling for a corporate board accountability reset.
Bill Would Create Employee Involvement Organizations, Allow Worker Reps on Boards
Sen. Marco Rubio (R-Fla.) and Rep. Jim Banks (R-Ind.) February 3 introduced the Teamwork for Employees and Managers (TEAM) Act of 2022, which would establish employee involvement organizations (EIO) and allow one employee-elected worker on the boards of large companies.