The Voice of Corporate Governance
CII’s Monthly Governance and Capital Market Regulation Update (Jan. 29 - Feb. 23, 2024)
Feb 29, 2024
Explore key topics covered in the latest podcast episode, including financial stability challenges with AI, updates on governance and capital market regulations, legal rulings and shareholder lawsuits, SEC's input on shareholder proposal rules, and court rulings on proxy advisor firms.
16:55
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Quick takeaways
- Legislation proposed to limit shareholder activism on social issues
- SEC emphasizes need for updated AI policies to mitigate financial risks
Deep dives
US Legislation to Restrict Shareholder Proposals
On February 1st, US Senator Bill Hagerty introduced legislation aimed at allowing public companies to exclude shareholder proposals that interfere with their ordinary business operations. This move, supported by Representative John Rose, could restrict shareholder activism by enabling companies to disregard proposals related to significant social policy issues.
