Today’s announcement from the U.S. Securities and Exchange Commission that it will no longer substantively review corporate no-action requests under Rule 14a-8 represents a dangerous abandonment of the agency’s longstanding role as a neutral arbiter in the shareholder proposal process.
Read MoreShareholder representatives As You Sow and Interfaith Center for Corporate Responsibility (ICCR) filed a request with the U.S. Securities and Exchange Commission (SEC) to rescind its effective approval of ExxonMobil’s “Retail Voting Program.”
Read MoreToday, the Securities and Exchange Commission (SEC) ruled that Travelers Companies must face a shareholder resolution on climate risk filed by shareholder representative As You Sow.
Read MoreToday, the Securities and Exchange Commission adopted its long-awaited Climate Disclosure Rule which requires disclosure of greenhouse gas (GHG) emissions, risk analysis, and other climate-related information from publicly registered companies.
Read MoreToday, the U.S. Securities and Exchange Commission (SEC) published new rules to prevent misleading or deceptive use of environmental, social, and governance (ESG) terms in mutual fund names. The new rules modernize the Investment Company Act “Names Rule” to ensure that the name of a fund adequately and accurately represents the investment strategy of the fund, as part of the SEC’s efforts to fight greenwashing in the sustainable investment industry.
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