Compliance Monthly archive

Aug 27, 2021
The week in GRC: Delta to raise health costs for unvaccinated staff and CFA’s Barbara Roper joins SEC
– 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...
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Aug 26, 2021
Long-Term Stock Exchange has first listings
The Long-Term Stock Exchange (LTSE) has officially listed its first two companies. The listings went live at a virtual opening ceremony held for the employees of LTSE. Asana, a cloud software company founded by Facebook co-founder Dustin Moskovitz and former Google and Facebook engineer Justin Rosenstein, and Twilio, a cloud communications platform, are the first to list on LTSE. Eric Ries, a Silicon Valley entrepreneur, founded LTSE as the first US st...
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Aug 11, 2021
US issuers still split on ESG standards, study finds
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 ...
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Aug 09, 2021
SEC gives green light to Nasdaq board diversity plan
The SEC on Friday approved Nasdaq’s plan to promote diversity on boards. The move opens the door for Nasdaq to require companies listed on the exchange to have – or explain why they do not have – at least two diverse board members, including one who self-identifies as female and one who self-identifies as either an under-represented minority or LGBTQ+. Nasdaq-listed companies will also have to disclose in aggregate form the voluntary self-identified gen...
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Aug 04, 2021
Gensler expects climate disclosure proposal by year-end
SEC chair Gary Gensler has given governance and compliance professionals a heads up on when they can expect to see the agency’s plans for requiring companies to report on climate risk and what that may entail. In remarks to the Principles for Responsible Investment last week, Gensler said he has asked the SEC staff to develop a mandatory climate risk disclosure rule proposal by the end of the year. He outlined elements he wishes to see in such disclosures, ...
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