Council of Institutional Investors

Section: Aug. 25, 2022 | Vol 27, Issue 32
SEC Issues Final Rules on Disclosure of Pay Versus Performance

The SEC August 25 adopted final rules implementing pay-versus-performance disclosure requirements for companies. The new rules, required under the 2010 Dodd-Frank Act, give firms discretion in what they report as the most significant measures considered when gauging performance and tying it to pay.
CII Backs SEC Proposed Clarifications to Grounds for Omitting Shareholder Proposals

CII supports the SEC’s proposed rule on substantial implementation, duplication, and resubmission of shareholder proposals under Rule 14a-8, says an August 25 letter to the commission.
Five-Year Strategic Plans for SEC, PCAOB Map Out Priorities
The SEC August 24 released a draft five-year strategic plan naming three specific areas where it hopes to increase corporate disclosure to investors: climate risks, cybersecurity hygiene policies and workforce information.
Experts Offer Predictions as Universal Proxy Rules Go into Effect Next Week
With the SEC’s amendments requiring the use of universal proxy cards in contested director elections going into effect for all annual meetings after August 31, several market observers are now anticipating how this new tool will affect the corporate governance landscape.
States Push Back on ESG Investments

Texas has joined West Virginia in blacklisting companies it deems as energy company “boycotters,” and the Florida State Board of Administration (FSBA) passed a resolution stating that investment decisions will not include ESG considerations.
FedEx Shareholders to Vote on Five Proposals at September 19 Annual Meeting

FedEx shareholders will vote on three shareholder proposals asking the company to report on its political activities, one on a racial equity audit and another on an independent board chair at the company’s September 19 annual meeting.