Allison Herren Lee takes the top regulatory job
Joe Biden has already shown his commitment to acting on climate change, bringing the US back into the Paris accord and appointing Allison Herren Lee as acting chair of the Securities and …
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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 …
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Chinese companies face US stock exchange delisting
US lawmakers are ramping up pressure on Beijing’s oversight regime
Congress has passed legislation that could result in Chinese companies being delisted from US stock exchanges if they do not comply with accounting …
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Nasdaq proposes diversity disclosure for listed companies
The stock exchange group wants companies to disclose diversity data and impose minimum representation requirements
Nasdaq has filed a proposal with the US Securities and Exchange Commission (SEC) that, if approved, would require all companies listed on Nasdaq’s US exchange …
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SEC lambasted over shareholder rights change as companies fail to meet ESG targets
The US Securities and Exchange Commission (SEC) has come under fire from investor groups after it voted to adopt amendments to its shareholder proposal rules.
In what …
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SEC commissioner Elad Roisman, one of the four leading officials at the US regulator, has called for ESG labelling from fund groups to be made clearer.
However, at the same time Roisman is wary about more “prescriptive” ESG disclosure requirements being introduced for …
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Investors ask SEC to intervene on Covid disclosures
A group of investors have called on the Securities and Exchange Commission to force companies to disclose how the Covid-19 pandemic has affected their business operations.
Representatives from 98 asset owners, fund …
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SEC committee to policymakers: Revise ESG rules or be left behind
The US risks falling further behind the UK and Europe unless rules governing reporting requirements for issuers around environmental, social and governance factors are updated.
That was the conclusion …
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“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 …
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Senator presses SEC’s Clayton over “Main St” letters report
A US Senator has called on the head of the US financial regulator to provide an update on the status of its reports into “apparently fraudulent comment letters” that showed support for proposed new rules on proxy advice.
In a …
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