A few days ago, we posted this new client alert, that we authored along with Danielle Benderly and Chris Wassman – “Preparing for the 2022 Public Company Reporting Season” – during which we delved into these eight topics:
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Yesterday, the SEC proposed changes to Rule 10b5-1 plans that would add new conditions to the availability of the affirmative defense to insider trading liability – here are the SEC’s press release, fact sheet and proposing release. Here are six things to know about the proposal:
1. New Company Disclosure About Insider Trading
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Yesterday, the SEC proposed a new reporting regime for company share repurchases. The proposals are summarized in the SEC’s press release (here’s the proposing release) – and will be subject to a 45-day comment period. Here are three things to know about the proposal:
1. “Real-Time” Reporting on Form SR – The proposed rule…
Yesterday, BlackRock released its latest proxy voting guidelines for U.S. securities. It also released its Investment Stewardship Global Principles, along with a 2022 policy updates summary. Here are three new items to be aware of:
1. The new guidelines remain consistent with BlackRock’s existing approach to engagement on board diversity. New for 2022,
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Last week, ISS posted a set of 11 updated FAQs for pandemic-related pay adjustments. The FAQs are updated from those that ISS originally posted in October 2020. Here are four things to be aware of in the updated FAQs:
1. Getting Back to Normal for Short-Term Incentives – Given that we are now headed
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About a month after proposing changes to its voting policies, ISS announced its final voting policies for next year a few days ago (here is the final policy updates – and here is an executive summary). The final policy updates largely adhere to what ISS proposed last month, which I blogged about back then,…
A lot of ink has been spilled since universal proxy was first proposed by the SEC five years ago (including Perkins Coie’s summary of the proposal) – and since the SEC finally adopted a rule that allows for it a few days ago. The new rule takes effect next August. Under the prior framework,…
A few days ago, Glass Lewis released two documents: 2022 US Proxy Voting Policy Guidelines and 2022 Policy Guidelines on ESG Initiatives (which apply across jurisdictions). Here are 8 things to know from these updates:
1. Increasing Gender Diversity Requirements for Russell 3000 Boards – As announced in last year’s voting guidelines, starting in ‘22
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Deputy Attorney General (DAG) Lisa Monaco delivered an exacting message to the white-collar defense bar at the “ABA’s 36th National Institute on White Collar Crime” — the DOJ is stepping up its enforcement of corporate crime through several new initiatives.
Speaking to an audience of white-collar criminal defense attorneys, DAG Monaco marched through a series…
Yesterday, ISS posted 33 pages of proposed voting policy updates. The comment period has commenced and will end in less than two weeks – on November 16th. We’ll provide a more detailed update when ISS adopts its final policy changes for 2022. For now, here are the four main areas where ISS is seeking…
