Compliance Archive

– Reuters reported that ISS backed cloud storage vendor Box in its fight with activist investor Starboard Value by recommending that shareholders vote for the company’s directors instead of the hedge fund firm’s nominees. In its report, ISS said shareholders should vote for Box directors Peter Leav and Aaron Levie, arguing that the existing board has made s...

– Reuters reported that, according to a law student group, US law firms are handling ever more deals and litigation for the fossil fuel industry despite growing concerns over climate change. The second annual scorecard report from Law Students for Climate Accountability gives out more failing grades to Vault Law 100 firms than it did last year...

Half of US public companies say third-party ESG standards are difficult understand, address immaterial information and lack transparency, according to a report by the US Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC). Despite recent and concerted efforts to standardize ESG reporting standards and frameworks, only 9 percent of companies report that standard setters provide consistent, easy-to-understand metrics. Forty-one percent of ...

– The Wall Street Journal reported that President Biden’s approaching decision about who should be the next Federal Reserve chair has led to reviews of Jerome Powell’s record on bank regulation and how strict the rulebook should be for Wall Street. During Powell’s tenure, the Fed has rev...