Industry groups, regulators and elected officials submitted feedback on the SEC's proposed disclosure requirements regarding cybersecurity risk management, governance, strategy and incident reporting by public companies.
An issuer settled SEC charges for material misstatements and omissions in public filings concerning "the independence of members of its board of directors, the independence of board committees, and the existence of interlocking relationships between its directors and executive officers."
In response to an Institutional Shareholder Services request for comment on proposed changes to its benchmark voting policies, the Council of Institutional Investors expressed support for proposals on equal voting rights as to all equity shares, greater board diversity, and climate-related board accountability policies.
The Council of Institutional Investors expressed support for the "Accelerating Holding Foreign Companies Accountable Act" and the "Stock Exchange Improvement Act."
The Council of Institutional Investors reiterated its "strong support" for a House bill that would amend the Exchange Act to limit non-proportional voting power and establish board diversity listing standards for multi-class stock companies.