Compliance Monthly archive

Apr 21, 2021
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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Apr 07, 2021
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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Apr 01, 2021
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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