Tag Archives | Ken Bertsch

Listing Standards Requested by CII

Listing standards change sought by the Council of Institutional Investors (CII). CII filed petitions with the New York Stock Exchange (NYSE) and the NASDAQ, asking both to limit listings of companies with dual-class share structures. They have taken the right approach to address a growing problem. I hope it ends a worldwide race to the bottom for listing standards. Alternatively, adoption of the suggested listing standards could reestablish that US based companies are more democratic and accountable than counterparts based elsewhere. Continue Reading →

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Protect the Voice of Shareholders

Protect the Voice of Shareholders is the name of a new website created by Institutional Shareholders Services (ISS) and the Council of Institutional Investors (CII). The educational website supports the current system, where institutional investors pay for and receive independent research and voting recommendations from proxy advisory firms for the public corporations in which they are owners. Continue Reading →

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Virtual-Only Shareholder Meetings: Anathema or Convenience? (Part I)

The first part of an in-depth look at Virtual-Only Shareholder Meetings, a new front in corporate-investor engagement.

Scenario 1: In-Person Shareholder Meeting

A shareholder proposal calling for the chairman’s resignation is coming up for vote at the physical annual meeting of Acme Inc.

In the packed hall, a supporter of the proposal rises to her feet and begins to describe exactly why the chairman must resign, making fulsome reference to his incompetence in negotiating the latest CEO’s pay package, dealing with the former CEO’s sexual misconduct and a botched acquisition that halved the company’s market cap. Continue Reading →

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Financial Reporting Not Same as Guidance

In a tweet this morning, President Trump said he had asked the Securities and Exchange Commission (SEC) to study changing required financial reporting for public companies from a quarterly system to reporting every six months.

The Council of Institutional Investors (CII) believes that public companies should continue to report quarterly on their financial performance. Said Amy Borrus, CII’s deputy director; Continue Reading →

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