Council of Institutional Investors

Section: April 21, 2022 | Vol 27, Issue 15
CII Announces New Board Positions, Members of U.S. Asset Owners Advisory Council
After holding its first meeting April 19, CII’s board of directors for 2022-23 announced Thomas McIntyre, international representative for the International Union of Bricklayers and Allied Craftworkers, as a co-chair; and Tejal Patel, corporate governance director for the SEIU Affiliates’ Supplemental Retirement Savings Plan/SOC Investment Group, as board secretary.
CII Analysis Compares Twitter’s Elon-Musk-Inspired Poison Pill to Recent Pills
Twitter on April 15 adopted a poison pill in response to an offer from the company’s largest shareholder, Tesla CEO Elon Musk, to buy the company at an estimated $43 billion valuation.
NYC, NY State Funds and Illinois Treasurer Launch Vote-No Campaign to Oust Two Amazon Directors
New York City Comptroller Brad Lander, New York State Comptroller Thomas DiNapoli, trustees of all five of the New York City Retirement Systems and the Office of Illinois State Treasurer Michael Frerichs launched a campaign April 21 urging Amazon shareholders to vote against the re-election of two of the company’s directors responsible for human capital management at the company’s May 25 annual meeting.
Court Revives ISS Lawsuit Seeking to Invalidate SEC Rules Redefining Proxy Solicitation
In an April 17 ruling, the U.S. District Court for the District of Columbia reactivated a lawsuit in which Institutional Shareholder Services (ISS) is asking the court to invalidate rules issued by the SEC in 2020 that redefine proxy solicitation to include the provision of independent proxy advice.
GOP Lawmakers Implore SEC to Ditch Climate-Related Disclosure Proposal
Forty House Republicans sent a letter to the SEC April 11 urging the commission to table immediately its recently proposed climate-related disclosure requirements.
Bipartisan Legislators Appeal to SEC to Lengthen Comment Periods for Proposed Rules
A group of 47 bipartisan legislators sent a letter April 13 to SEC Chair Gary Gensler expressing concern about the number of days that the commission has allotted for comments periods on complex rulemakings.
Oxfam Report Details Major U.S. Retailers’ Progress, Deficiencies on Human Rights
A new report from Oxfam provides an overview of the progress that five major retail companies—Albertsons, Costco, Kroger, Walmart and Whole Foods—have made on their polices related to human rights due diligence (HRDD), workers’ rights and gender justice and highlights the remaining gaps in those policies.