INTERNATIONAL CORPORATE GOVERNANCE NETWORK

Securities and Exchange Commission-Meetings on 25 March with the SEC on protecting investor and shareholder rights, including voting, 13D-G guidance and the importance of engagement and dialogue between issuers and investors, mandatory arbitration provisions, request for ideas to streamline Reg S-K, how investors use proxy advisors, and a request for public consultations with notice and comment periods under the Administrative Procedures Act. We discussed accounting and auditing issues with the SEC and PCAOB, including international standard setting, budget, managing risks and appropriate controls, and high-quality auditing/accounting and international standards for investors. Senate meetings on 25 March with Republican and Democratic policy staff from the Committee on Banking, Housing, and Urban Affairs, Subcommittee on Capital Markets, Committee on Finance, to discuss upcoming Committee hearings, bills such as capital formation, and activity, to support S.3831, the "Enhancing Multi-class Share Disclosure Act" which was introduced in the Senate on February 11, 2026. Meetings with House and Senator offices on upcoming Committee activities, bills, and investor issues. House meetings with the Republican and Democratic policy staff from the Committee on Financial Services, Subcommittee on Capital Markets, Committee on the Judiciary, Subcommittee on the Administrative State, Regulatory Reform, and Antitrust to discuss shareholder rights, including shareholder proposals, changes to 13D-G, proxy advisory services, views on materiality and SEC activity, and the need for stability in the US capital market for global investors.

Client expense: — · Firm income: $10,000

Matched citations: S.3831

For the Securities and Exchange Commission-Correspondence on protecting investor and shareholder rights, retail voting programs and standing voting instruction mechanisms, and mandatory arbitration clauses. For the SEC's Investor Advisory Committee, a statement on shareholder proposals, the importance of engagement and dialogue between issuers and investors, mandatory arbitration, the role of proxy advise and role of proxy advisors, retail voting programs, and the need for public consultations. Senate correspondence, Committee on Banking, Housing, and Urban Affairs, supporting H.R. 3357, the "Enhancing Multi-class Shares Disclosure Act" which passed the House in July 2025.

Client expense: — · Firm income: —

Matched citations: H.R. 3357

Protecting shareholder rights. The importance of engagement and dialogue between issuers and investors. The role of proxy advisory services and proxy advisors for investors. Discussion on the priorities of the Securities and Exchange Commission and the Public Company Accounting Oversight Board. Potential bills in the US House and Senate, such as the Enhancing Multi-class Shares Disclosure Act, HR 3357.

Client expense: — · Firm income: —

Matched citations: HR 3357