Tag Archive for ‘House Financial Services Committee’
In January, Rep. Jeb Hensarling, R-Texas, ascended to the powerful chairmanship of the House Financial Services Committee. Six weeks later, campaign finance filings and interviews show, Hensarling was joined by representatives of the banking industry for a ski vacation fundraiser at a posh Park City, Utah, resort.
The bill, which passed the Senate by a vote of 59-39, requires directors to win by majority vote in uncontested elections, gives the SEC authority to grant shareholders proxy access to nominate directors and gives shareholders the right to a nonbinding vote on executive pay. The measure must be reconciled with a House bill.
When do you know that ESG (or factoring environmental, social, and governance issues into investment and corporate decisions) has gone mainstream? One signal would be the agenda of last week’s meeting of the Securities and Exchanhe Commission’s Investor Advisory Committee, which included items such as “ESG Disclosure Work Plan” and “Proxy Voting Transparency.”