Weekly Roundup: November 19-25, 2021

This roundup contains a collection of the posts published on the Forum during the week of November 19-25, 2021.

Statement by Commissioner Roisman on Proposed Amendments Related to Proxy Voting Advice

Posted by Elad L. Roisman, U.S. Securities and Exchange Commission, on Friday, November 19, 2021

Tags: Glass Lewis, Institutional Investors, Institutional Shareholder Services Inc., Proxy advisors, Proxy voting, SEC, SEC rulemaking, Securities regulation, Shareholder voting

SEC Dramatically Changes the Rules for Proxy Contests

Posted by Kai Liekefett, Derek Zaba, and Beth Berg, Sidley Austin LLP, on Friday, November 19, 2021

Tags: Boards of Directors, Director nominations, Institutional Investors, Proxy voting, SEC, SEC rulemaking, Securities regulation, Shareholder nominations, Shareholder voting, Universal proxy ballots

BlackRock’s Move to Expand Proxy Voting Choice Creates Unknowns

Posted by Douglas Chia, Soundboard Governance, on Saturday, November 20, 2021

Tags: Asset management, BlackRock, Index funds, Institutional Investors, Proxy voting, Securities lending, Shareholder voting, Short sales

ESG Global Study 2021

Posted by Jessica Ground, Capital Group, on Saturday, November 20, 2021

Tags: Asset management, Environmental disclosure, ESG, Institutional Investors, Risk, Sustainability, Transparency

2022 Glass Lewis Policy Guidelines: United States

Posted by Eric Shostal, Glass, Lewis & Co., on Sunday, November 21, 2021

Tags: Board composition, Boards of Directors, Diversity, Dual-class stock, ESG, Executive Compensation, Incentives, Institutional Investors, Proxy advisors, Proxy voting, Shareholder voting, SPACs

How GPs Can Compete for Capital Through ESG

Posted by Addison Holmes, Pickering Energy Partners, on Sunday, November 21, 2021

Tags: Climate change, Engagement, Environmental disclosure, ESG, Institutional Investors, Sustainability

Regulated Funds

Posted by John J. Mahon and Shaina L. Maldonado, Schulte Roth & Zabel LLP, on Monday, November 22, 2021

Tags: Asset management, Disclosure, Exchange-traded funds, Form N-PX, Institutional Investors, Mutual funds, Rule 14Ad‑1, SEC, Securities regulation, Shareholder voting

Stock Investors’ Returns are Exaggerated

Posted by Jesse M. Fried (Harvard Law School), Paul Ma (University of Minnesota), and Charles C.Y. Wang (Harvard Business School), on Monday, November 22, 2021

Tags: Capital markets, Market conditions, Shareholder value, Stock returns, TSR

The World Targets Change

Posted by Karen Wong, State Street Global Advisors, on Monday, November 22, 2021

Tags: Asset management, Climate change, Engagement, Environmental disclosure, ESG, Institutional Investors, Stewardship, Surveys, Sustainability

2021 Annual Corporate Directors Survey

Posted by Maria Moats, Paul DeNicola, and Leah Malone, PricewaterhouseCoopers LLP, on Tuesday, November 23, 2021

Tags: Board composition, Board dynamics, Board performance, Board turnover, Boards of Directors, Diversity, ESG, Surveys

The Economics of Deferral and Clawback Requirements

Posted by Florian Hoffmann (KU Leuven), Roman Inderst (Goethe University Frankfurt), and Marcus Opp (Stockholm School of Economics), on Tuesday, November 23, 2021

Tags: Bonuses, Clawbacks, Executive Compensation, Financial regulation, Risk, Risk-taking, Short-termism