Council of Institutional Investors

Section: Sept. 15, 2022 | Vol 27, Issue 35
CII Weighs in On PCAOB’s Priorities
CII encourages the Public Company Accounting Oversight Board (PCAOB) to take action on several key reform initiatives in a September 15 letter.
SEC Chair Covers Wide Scope of Topics at Senate Banking Committee Hearing
SEC Chair Gary Gensler discussed topics ranging from climate risk disclosure to PCAOB inspections of audit firms based in China during a September 15 Senate Banking Committee hearing on oversight of the SEC.
Senate Democrats Urge SEC to Enact Proposed 10b5-1 Trading Plan Rules

Four democrats on the Senate Banking Committee sent a letter last month urging SEC Chair Gary Gensler to finalize the commission’s proposed rules on 10b5-1 plans and to take some of the rules’ provisions even further.
CII finds Decline in Proportion of New Companies Adopting Dual-Class Structures
New analysis by CII shows a significant decline in the number of newly listed U.S. companies adopting dual-class structures and a greater proportion of those that do adopt these structures include sunset provisions that phase them out after a set period of time.