In an amicus curiae brief filed with the Delaware Court of Chancery, the Managed Funds Association supported a plaintiff's claims that certain Company bylaw amendments which required expanded information from investors making director nominations or stockholder proposals were invalid and unenforceable, and that the Company's board of directors breached their fiduciary duties by adopting them.
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Several trade associations highlighted concerns about an SEC proposal to establish minimum standards for investment advisers before outsourcing certain services or functions.
In a joint letter, trade associations urged the SEC to extend the comment deadline by 90 days on proposals concerning open-end fund liquidity risk management programs and outsourcing by investment advisers.
ISDA urged the SEC to exclude all derivative transactions from its proposed rule amendments that would require funds to provide disclosures as to greenhouse gas emissions.
SIFMA and SIFMA Asset Management Group criticized the SEC's Request for Information on the activities of "information providers," calling it unnecessary and outside of the jurisdiction of the SEC's authority.