Tag Archive for ‘CalPERS’
Senate Negotiators Move to Limit Proxy Access in Finance Bill
To the dismay of activist investor groups, Senate Banking Committee chairman Christopher Dodd proposed that investors seeking to nominate directors for shareholder votes be required to own at least a 5% interest in the company for two years. Few, if any, institutional investors would be able to meet such a requirement.
SEC Votes for Improved Disclosure on Climate Risk
In an action hailed by environmental groups as “ground-breaking,” the U. S. Securities and Exchange Commission voted to provide guidance to publicly-listed companies regarding the level and quality of their disclosures on climate change and its “material” impact on their businesses.
Financial Crisis Commission: Watch Out for Phil Angelides
There will no doubt be a fair amount of theater this week as the Financial Crisis Inquiry Commission holds its first public hearings exploring the causes of the 2008 financial crisis that nearly catapulted the U.S. and world economies into a 21st century Great Depression. While many will focus attention on the star bankers testifying, there’s another potential star in this drama that you might want to keep on eye on: the commission’s chairman, Phil Angelides.
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