CII backs Nasdaq’s proposal to improve diversity on boards

Companies could be delisted if they fail to meet ‘comply or explain’ requirement The Council of Institutional Investors (CII) has thrown its weight behind Nasdaq’s proposal that would require companies to disclose board diversity or potentially face delisting. In a letter filed with the Securities Exchange Commission on 30 December, the non-profit association of US […]

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“Exploitative” Chinese companies face new battle to list in US

“Exploitative” Chinese companies face new battle to list in US Chinese companies looking to list on US exchanges are set to face tougher scrutiny, thanks to moves to protect investors by Senators and a homegrown accounting scandal. On Wednesday (May 20), the US Senate passed the Holding Foreign Companies Accountable Act by unanimous consent. The […]

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The NASDAQ Hearing and Listing Review Council is soliciting comments from companies, investors and other interested parties about whether it should adopt a “Comply or Explain” approach to corporate governance practices similar to that used in a number of non-U.S. markets writes Scott Fenn of Manifest’s US partners, ProxyGovernance Inc. The exchange says that this […]

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