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.
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The Council of Institutional Investors expressed support for the "Accelerating Holding Foreign Companies Accountable Act" and the "Stock Exchange Improvement Act."
In response to an SEC request for comment on its semiannual regulatory agenda, the Council of Institutional Investors urged the SEC to prioritize compensation clawbacks, insider trading rules, and the proxy process.
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.
SEC Commissioner Luis A. Aguilar delivered a speech, as a part of the Corporate Governance Lecture Series at the Emory University School of Law, in which he asserted that, in order to restore trust between Wall Street and Main Street, it is crucial to have corporate governance practices that foster the principles of (i) accountability, (ii) transparency and (iii) engagement. Framed within the context of the executive compensation process, Commissioner Aguilar stated that these principles should drive the establishment of an effective corporate governance regime, and highlighted a few of the