The Securities and Exchange Commission News

SEC Toughens Rules on Shareholder Proposals

The U.S. Securities and Exchange Commission (SEC) voted 3-2 on Wednesday to make it tougher for shareholders to push companies on issues such as climate change, social justice and diversity, with Democratic commissioners dissenting against the move. The rule, first …

SEC Sides with New York Comptroller in Express Scripts Cyber-Risk Spat

New York State Comptroller Thomas DiNapoli scored a victory against Express Scripts Holding Co. in his push to force increased disclosures of the firm’s efforts to mitigate cyber risks. The prescription-benefits manager must include DiNapoli’s proposal in proxy materials this …