Dow Jones Sues Cision For Over $173 Million https://lnkd.in/eTekvQak
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A resilient stock market and bonds with higher yields have produced a positive “wealth effect” that encouraged consumers to spend rather than retrench. It’s also true that interest rates aren’t that high, historically speaking: They just feel that way because the U.S. went through an extended period of superlow rates. https://lnkd.in/gb4MYTyc
WSJ News Exclusive | Jamie Dimon and Ray Dalio Warned of an Economic Disaster That Never Came. What Now?
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Incoming Director, Weinberg Center for Corporate Governance, University of Delaware | Corporate Director & Advisor; Writer, Speaker & Professor
In Evaluating the Legality of Shareholder Proposals, Having Federal Judges Replace the SEC Staff May be Better for Investors Bloomberg published my opinion piece this morning about #investorprotection called: Exxon Suit Should Prod SEC to Tighten Shareholder Proposal Rules ExxonMobil Corp. recently attracted significant attention after suing two climate activists who sent a shareholder proposal asking that the company set stringent targets to slash its greenhouse gas emissions and those of its customers. If implemented, the proposal would effectively place a hard limit on the company’s growth and ability to deliver returns for its shareholders, a clear misuse of a process intended to give shareholders a voice on important issues that affect their economic interests. However, shortly after being confronted with the prospect of having a court of law—instead of the SEC—review whether their proposal was legal, the activists decided to withdraw. Their action is likely tacit acknowledgment that the proposal ran afoul of the SEC’s rules governing shareholder proposals. While this episode may appear to be an Exxon-specific issue, it’s a sign of a bigger problem: how the SEC has allowed the misuse of shareholder proposals by a few individuals and groups with private agendas despite their own rules. Activists now routinely use the process to promote political causes, regardless of how they affect the company’s shareholders or its bottom line. In the past, companies could rely on the SEC to act as a neutral referee and apply its rules to let companies exclude such proposals. But Exxon lost trust in the SEC, fearing that it wouldn’t get a fair hearing under its current leadership. . . . Read on here: https://lnkd.in/ejfYaHxp
Exxon Suit Should Prod SEC to Tighten Shareholder Proposal Rules
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Did you know it's legal for members of Congress to buy and sell stocks... even if they're voting on bills that impact the value of their investments? You couldn't invent a more glaring conflict of interest, yet many of them still do it. Which party deserves the blame for this? Well, both of them. Of the top 10 most successful traders in Congress, five are Democrats and five are Republiicans. Conflicts of interests are a bipartisan affair. It's outrageous that this kind of behavior is legal. That's why RepresentUs is teaming up with social media icons Unusual Whales to end it once and for all. It's time to ban Congressional stock trading. Tell Congress to pass the ETHICS Act at https://lnkd.in/gdKdJjDz
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The BC Securities Commission’s decision in this case provides greater clarity on an issue that is often raised by companies facing dissident actions by multiple shareholders. In particular, the decision sets a high threshold to establish joint actor relationships among shareholders who are engaged in discussions with each other regarding potential challenges to incumbent boards. #activism #governance
NorthWest Copper: B.C. Securities Commission Decision Favours Free Flow of Information Among Shareho | Blakes
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Diligent honors top 16 proxy advisory and 73 law firms, highlighting the global spread of activism and the demands it places on companies and investors. Read the full Diligent Market Intelligence Advisor Awards 2023 ranking now.
Advisor Awards 2023
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In this Public Chatter blog post, Partner Allison Handy describes a new development whereby some companies may choose to go to the courts rather than the U.S. Securities and Exchange Commission Staff to seek exclusion of a shareholder proposal. https://bit.ly/3SqyiNi #CorpGov #CorporateGovernance #ESG #PublicChatterBlog
Shareholder Proposals: A Rare Foray into Court | Public Chatter
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SEC Censures Private Fund Manager for Misleading Performance Marketing The SEC has recently censured a private fund manager for misleading performance marketing practices, highlighting the importance of transparency and accuracy in financial disclosures. Ensure your firm’s marketing practices comply with regulatory standards to avoid similar penalties. Stay informed with Salus GRC’s insights. Read the full article: https://lnkd.in/ee9qzyPb #Compliance #Regulations #InvestmentManagement #SalusGRC #SEC #PerformanceMarketing
SEC Censures Private Fund Manager for Misleading Performance Marketing
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Diligent honors top 16 proxy advisory and 73 law firms, highlighting the global spread of activism and the demands it places on companies and investors. Read the full Diligent Market Intelligence Advisor Awards 2023 ranking now.
Advisor Awards 2023
diligent.com
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Diligent honors top 16 proxy advisory and 73 law firms, highlighting the global spread of activism and the demands it places on companies and investors. Read the full Diligent Market Intelligence Advisor Awards 2023 ranking now.
Advisor Awards 2023
diligent.com
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In this Public Chatter blog post, Perkins Coie LLP Partner Allison Handy describes a new development whereby some companies may choose to go to the courts rather than the U.S. Securities and Exchange Commission Staff to seek exclusion of a shareholder proposal. #CorpGov #CorporateGovernance #ESG #PublicChatterBlog
Shareholder Proposals: A Rare Foray into Court | Public Chatter
https://www.publicchatter.com
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