Here’s an excerpt from this Client Update penned by Michael Huston, Eric Wolff, and Stephanie Olson:
“The Supreme Court of the United States has agreed to review a case taking direct aim at “overregulation” by federal administrative agencies. Any client or business that routinely deals with federal administrative agencies, especially those that have experienced administrative…
As the proxy season barrels into its waning days, we have been getting a flurry of guidance from some of the larger institutional investors, including:
1. State Street’s Press Release on Extending Proxy Voting Choice to ETFs and Mutual Funds – State Street is extending proxy voting choice to ETF and mutual funds. The program…
If you’re a lawyer working in the securities law world, you’re going to be working with some accountants. And those accountants will be working with you lawyers.
Given that my first job out of law school was working at the SEC, my first real exposure to accountants was there in the government. Each branch in…
Our Client Update notes that privately-held companies need to bear in mind that their representations to investors, sophisticated or not, are real as the SEC has taken a number of recent actions highlighting that they are not afraid to act in the private company area, whether it be taking Enforcement actions based on alleged…
Nearly all companies conduct insider trading and Reg FD compliance training for those in the C-Suite as well as for those that regularly touch material nonpublic information. Trainees would include the staffers in the controller’s and CFO’s offices; the investor relations (IR), corporate communications teams, and anyone else who deals with analysts and investors; and…
Another in the newbies series: In the old days, the corporate secretary was an administrative type of person. Back then, it was still a tough job, but it had nowhere near the level of responsibility or substance that corporate secretaries must shoulder today.
That’s way back when the board probably was little more than a…
Changing your fiscal year-end? Why would you want to do that? This is the kind of oddball topic that might surface only once or twice during your career.
Most companies have a fiscal year-end that matches the calendar year. Their quarters end on March 31st, June 30th, September 30th and…
As a follow-up to our recent blog on the SEC moving back the deadline for that agency to act on the NYSE’s and Nasdaq’s clawback proposals, it’s worth noting that recent conversations between Corp Fin Staffers and practitioners suggest that the June 11th date is firm and will not be further extended. Since June 11th…
Here’s a tip from the sixth edition of our popular publication The Public Company Handbook, which is an easy-to-read guide that provides practical insights regarding legal and other board management issues facing public—or soon-to-be-public—companies.
Unlike some more costly aspects of Sarbanes-Oxley, executive sessions of independent directors, as a group or as a committee, serve…
Another in the newbies series: In the United States, the general counsel—the top lawyer for a company—sometimes holds the title of corporate secretary, too. But in most cases, it’s in name only. In other words, the GC doesn’t really play that role within the company—it can be too demanding to be both the GC and…
