The path to direct listings by companies is getting easier. On Wednesday, the SEC approved the NYSE’s rule change that will permit companies to raise capital in a direct listing. Prior ...
The SEC voted (3 to 1) on Wednesday to adopt final rules that would regulate proxy advisory firms and permit companies that are the subject of their voting recommendation reports to provi...
In just the last two months, each of the Global Reporting Initiative, the Sustainability Accounting Standards Board and the World Economic Forum have announced significant changes or othe...
Davis Polk’s Joseph Hall and Betty Huber, jointly with Katherine J. Brennan and Connor Kuratek of Marsh & McLennan Companies, are authors of the 13th edition of The International Compar...
On June 23rd, the staff of the SEC’s Division of Corporation Finance issued new Disclosure Guidance Topic No. 9A reflecting the staff’s current views regarding disclosure that compani...
On June 22nd, the New York Stock Exchange (NYSE) filed a proposed rule change with the Securities and Exchange Commission that would permit companies to raise capital in a direct listing....
It is impossible to discuss this proxy season without acknowledging the impact that the COVID-19 pandemic has had and its resulting highs and lows. While the virus has upended the planni...
A $900,000 fine is a reminder for companies to use care in tracking and disclosing all elements of executive compensation.
Executive perks may not be material to a company’s financial c...
On May 21, 2020, the SEC adopted amendments to its financial disclosure requirements relating to acquisitions and dispositions of businesses. The new rules are a welcome easing of the bur...
The NYSE has adopted new, temporary exceptions to its shareholder approval rules in light of corporate financing needs related to the coronavirus (COVID-19) pandemic. The new rule provide...
