Compliance Archive

Compliance

SASB and IIRC launch new reporting organization

Jun 09, 2021
Ben Maiden
SASB and IIRC launch new reporting organization
SASB and the International Integrated Reporting Council (IIRC) today launched their new merged organization – the Value Reporting Foundation – as the latest step aimed at developing a comprehensive corporate reporting framework covering global sustainability performance. The foundation intends to help companies and investors through three resources: integrated thinking principles to improve understanding of how value is created in the short, medium and long term...
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Compliance

Biden targets climate-related financial risk

May 21, 2021
Ben Maiden
Biden targets climate-related financial risk
President Joe Biden on Thursday issued an executive order intended to gather information about the financial risks posed by the climate crisis, including potentially imposing rules seeking climate-related disclosures from companies. ‘We know that the climate crisis, whether through rising seas or extreme weather, already present...
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Compliance

Alphabet faces vote on ‘anticompetitive practices’ oversight report

Apr 21, 2021
Ben Maiden
Alphabet faces vote on ‘anticompetitive practices’ oversight report
Shareholders in Google parent company Alphabet are set to vote on a proposal regarding board oversight of ‘anticompetitive practices.’ Specifically, the measure filed by CtW Investment Group requests that Alphabet’s board ‘report to shareholders on how it oversees risks related to anticompetitive practices, including whether the full board or board committee has oversight responsibility, whether and how consideration of such risks is incorporated into board ...
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Compliance

CII proposes legislation on diversity disclosure and multi-class shares

Apr 07, 2021
Ben Maiden
CII proposes legislation on diversity disclosure and multi-class shares
The Council of Institutional Investors (CII) is calling for Congress to pass a law seeking to address board diversity disclosures and unequal stock voting rights via SEC-imposed listing standards. In a recent letter to Senate Banking Committee chair Sherrod Brown, D-Ohio, and the panel’s ranking member Pat Toomey, R-Pennsylvania, CII general counsel Jeffrey Mahoney presents draft legislation he says would implement ...
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Compliance

Senate Banking Committee chair seeks to overturn 14a-8 reforms

Apr 01, 2021
Ben Maiden
Senate Banking Committee chair seeks to overturn 14a-8 reforms
Senator Sherrod Brown, D-Ohio, has launched an effort to overturn SEC reforms that change the shareholder proposal process and have sparked widespread concern among investors. Brown last week introduced a joint resolution stating that ‘Congress disapproves the rule submitted by the [SEC] relating to ‘Procedural requirements and resubmission thresholds under Exchange Act Ru...
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Compliance

Improving climate governance under the Biden Administration

Mar 23, 2021
Alexandra Farmer, Jennie Morawetz, Donna Ni and Raya Treiser
Improving climate governance under the Biden Administration
Policy changes expected under the Biden administration will impact public company requirements for climate-related governance and reporting. In the meantime, there are a number of steps companies can take to position themselves to navigate the expected increase in regulation and enforcement as well as to align their business strategy with market trends. Public companies are already facing increasing pressure to improve their ESG performance in order to attract capit...
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