In the ongoing challenge to the SEC’s conflict minerals rule, the D.C. Circuit Court of Appeals, in a 2-1 decision, issued an opinion on August 18 upholding its April 2014 finding that ...
On August 5, 2015, in a 3-2 vote, the SEC adopted a final rule implementing the provision of the Dodd-Frank Act that requires U.S. public companies to disclose the ratio of their CEO’s ...
On July 1, the SEC issued a concept release, a forerunner to a potential rulemaking proposal, seeking public comment on whether to expand disclosure requirements about audit committees. T...
On July 1, 2015, in a 3-2 vote, the SEC proposed a rule implementing Section 954 of the Dodd-Frank Act, which requires listed companies to implement clawback policies to recover incentive...
The New York Department of Financial Services (NYDFS) has published its final “BitLicense” rule for virtual currency businesses, as announced by outgoing NYDFS Superintendent Lawsky i...
On April 30, 2015, the Delaware Court of Chancery held for the second time in three years that a decision by a board of directors or a board’s compensation committee to award equity to ...
U.S. companies with foreign subsidiaries and other affiliates are required to report detailed information to the Bureau of Economic Analysis by May 29 or June 30, depending on the number ...
On April 29, 2015, a divided Securities and Exchange Commission proposed requiring U.S. public companies to disclose the relationship between executive compensation and the company’s fi...
Davis Polk has submitted a comment letter on the SEC proposal for companies to disclose their equity hedging policies. We previously summarized the rule proposal here.
Our comment letter...
On March 25, 2015, the SEC adopted amendments to Regulation A, a Securities Act exemption forofferings by nonpublic US and Canadian companies. The final rules (colloquially called “Regu...
