The Voice of Corporate Governance CII’s Monthly Governance and Capital Market Regulation Update (April 1 to May 6)
May 8, 2025
Dive into the latest shifts in corporate governance and capital markets! Discover enhanced oversight of proxy advisors and the new SEC guidance impacting investor filings. Explore the rising significance of ESG factors in investment strategies and the debates they spark. Recent legislative proposals on proxy advisory firms reveal fascinating insights into corporate governance dynamics. Plus, catch up on critical audit oversight updates and the potential merging of regulatory bodies affecting investor protection.
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Chamber Opposes Proxy Advisor Role
- The U.S. Chamber of Commerce urges the House to regulate proxy advisors and reform shareholder rules to protect shareholder interests.
- They oppose universal proxy rules, claiming they encourage frivolous proxy fights by special interests.
SEC Clarifies Executive Bonus Disclosures
- The SEC clarified when companies must disclose if executives lose bonuses due to accounting errors.
- This improves transparency on corporate accountability following accounting misstatements.
Asset Managers Adjust ESG Voting Policies
- Many asset managers adjusted their proxy voting policies after new SEC 13D/13G guidance, often loosening ESG and diversity requirements.
- Some also reduced public disclosure and website prominence of stewardship policies.