Council of Institutional Investors

Section: June 2, 2022 | Vol 27, Issue 21
At Recent High Profile Annual Meetings, Say on Pay Falters, One Director Fails and Many Social Proposals Register Strong Support
Final vote tallies are now in for a few high-profile annual meetings held last week, and they show two say-on-pay proposals registered tepid support, one director was not re-elected (although he remains on the board) and a large number of shareholder proposals on social issues either passed or nearly passed.
Two CII Members Join SEC’s Investor Advisory Committee
The SEC announced June 1 that two CII members, Interim Managing Investment Director of Board Governance & Sustainability at CalPERS James Andrus and Partner and Chief Legal Officer at Trian Fund Management Brian Schorr, will be joining its Investor Advisory Committee.
At Recent High Profile Annual Meetings, Say on Pay Falters, One Director Fails and Many Social Proposals Register Strong Support
Final vote tallies are now in for a few high-profile annual meetings held last week, and they show two say-on-pay proposals registered tepid support, one director was not re-elected (although he remains on the board) and a large number of shareholder proposals on social issues either passed or nearly passed.
In Wake of Corporate Crashes, U.K. Overhauls Audit Oversight
The U.K government announced May 31 that it is conducting a major overhaul of that nation’s audit system by creating a new regulator, demanding greater accountability from large companies and help broaden competition among audit firms. firms.