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The NYSE announced today that the Proxy Fee Advisory Committee (PFAC), formed in September 2010 and comprised of representative investors, brokers and companies, has published its recomme...
The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board’s Interpretive Notice concerning the application of MSRB’s fair dealing rules – MSRB Ru...
The U.K.’s implementation of “say on pay’ in 2002 is widely considered the harbinger of mandatory “say on pay” in the United States. So far, in both countries, the shareholder a...
The Federal Reserve’s decision this week to confer Comprehensive Consolidated Supervision status to three state-owned Chinese banks has been long awaited and paves the way for major Chi...
An increasing number of shareholders are filing solicitation materials advocating for a particular position on a voting matter at annual meetings, the flip-side to our recent discussion o...
On May 3, 2012, the SEC reopened the comment period on a long-dormant proposal to amend the financial responsibility rules for broker-dealers. Proposed in March 2007 but never acted on by...
In a much-anticipated opinion, Chancellor Leo E. Strine, Jr. of the Delaware Court of Chancery has enjoined Martin Marietta Materials from pursuing an unsolicited exchange offer to acquir...
The SEC staff has issued frequently asked questions on the JOBS Act. Below are new FAQs most likely to be of interest to capital markets participants. We will continue to provide JOBS Act...
In 2011, companies included in their proxy ballots a choice for shareholders to advise on whether they preferred to cast advisory votes on executive compensation every 1, 2 or 3 years, th...
On April 18, 2012, the CFTC and SEC adopted final rules to further define the terms “swap dealer,” “security-based swap dealer,” “major swap participant,” “major security-ba...