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EU Lawmakers Set Board Diversity Requirements
June 28, 2022
The Council and European Parliament have announced an agreement on a new law that sets targets for EU companies to create gender balance on corporate boards, increasing representation of women on boards, targeting 40% of non-executive director positions, and 33% of all board positions, by 2026.
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Meta Platforms, Walt Disney Co and U.S. Companies will Cover Employees’ Abortion if Travel is Required
June 28, 2022
Following the U.S. Supreme Court’s decision to overturn the 1973 ruling of Roe v Wade which gave women a constitutional right to an abortion, U.S. companies including Walt Disney Co and Facebook parent Meta Platforms Inc have announced that they will cover employees' expenses if they have to travel for abortion services.
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Two Dozen AGs Challenge SEC Climate Rule
June 22, 2022
Two dozen state attorneys general have written a letter to the Securities and Exchange Commission (SEC) secretary demanding that the agency not finalize a Biden rule taking a "maximally aggressive regulatory approach" by forcing public companies to publish extensive climate-related disclosures on the grounds that "Regulatory agencies of the federal government must never become political action committees. »
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AG Takes a Stand Against Woke Investing
June 22, 2022
Environmental, Social, and Governance (ESG) investing has grown enormously in the United States and has accelerated political activism within American corporations and Institutions, leading Kentucky Attorney General Daniel Cameron to outline a way to push back against ESG by holding money management firms accountable for not acting in their clients’ financial best interests.
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Banks Face Push to Disclose how their Lending Leads to Pollution
June 22, 2022
According to a group of Democratic senators, new rules proposed by the US Securities and Exchange Commission (SEC) that require companies to reveal detailed data about their greenhouse gas emissions should also have to make public how their lending and investment activities impact pollution.
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