Over the week leading up to Thanksgiving, Corp Fin issued a bunch of new CDIs – and three revised CDIs – in a variety of areas in several different tranches, including:
A few weeks ago, I blogged that the Fifth Circuit had dealt the SEC a blow by ruling that the share repurchase disclosure rules it adopted back in May were “arbitrary and capricious” under the Administrative Procedure Act in response to a challenge brought by the U.S. Chamber of Commerce. The Court gave the SEC
Recently, Glass Lewis announced the release of its 2024 U.S. Voting Guidelines. Pages 7-11 provide a summary of the 9 policy changes and 7 clarifying amendments.
Here is what you need to know about the first 8 of the policy changes (the 9th policy change is relevant to closed-end funds and business development
Last week, the Fifth Circuit dealt the SEC a blow by ruling that the share repurchase disclosure rules it adopted back in May were “arbitrary and capricious” under the Administrative Procedure Act in response to a challenge brought by the U.S. Chamber of Commerce. Under the court’s order, the SEC has 30 days to
Starting this week, Corp Fin has changed how it will accept no-action requests regarding exclusion of shareholder proposals under Rule 14a-8. As reflected on Corp Fin’s Shareholder Proposals no-action responses page, no-action requests to the Staff must now be submitted through this web form. No more submissions by email.
This change in process
In early October, the SEC adopted amendments to Regulation 13D-G, shortening the filing deadlines for Schedules 13D and 13G and issuing guidance on other beneficial ownership issues. Here’s the 295-page adopting release – and here’s the fact sheet. For many of the rules adopted – and the guidance provided in the adopting release –
Last month, the California legislature adopted two wide-ranging climate disclosure bills that will require extensive disclosure from larger public – and private – companies. California Governor Newsom signed the two bills, SB 253 and SB 261, over the weekend.
Here are 9 things to know:
Last month, the US Supreme Court granted certiorari to decide an MD&A liability case. The Supreme Court doesn’t weigh in on public company disclosure often so this is a big deal.
The case – Macquarie Infrastructure Corp. v. Moab Partners, L.P. – is about whether companies can be held liable through a private cause
Recently, Corp Fin posted this sample comment letter on XBRL disclosures in an effort to make companies more aware of a focus on improving the quality of XBRL data. As a preface to the sample comment letter, Corp Fin notes there is evidence that investors are using XBRL and Inline XBRL – and that the
Last week, a Nasdaq rule change went effective immediately that now permits board committees to approve waivers of the code of conduct for directors or executive officers. This changes the rule that required full board approval for these types of waivers. Companies that want to take advantage of this rule change may need to update