While we are still in early days of the 2014 proxy season, trends are starting to emerge. The following update summarizes these developments:
Institutional investors promote governance r...
Despite pressure on US public companies to adopt certain governance practices, a review ofthe largest initial public offerings (in terms of deal size) shows that newly public companiescon...
The D.C. Circuit Court of Appeals issued an opinion today in the ongoing challenge to the SEC’s conflict minerals rule, holding that the rule violates the free-speech guarantee of the F...
Amid the recent uptick in U.S. IPO transactions to levels not seen since the heady days of 1999 and 2000, Davis Polk’s pipeline of deals remains robust, leading us to believe that stren...
A nonpublic company seeking access to the capital markets faces a largely binary choice between conducting a private placement, with few if any reporting obligations afterwards, and condu...
Today the public comment period ended for two proposals by the Public Company Accounting Oversight Board that we believe could dramatically increase the scope, length, cost and complexity...
Yesterday the Securities and Exchange Commission proposed rules under the JOBS Act that would permit startups and other businesses to raise investment capital through “crowdfunding” ?...
The SEC has posted on its website that it “will remain open and operational in the event the federal government undergoes a lapse in appropriations on October 1. Any changes to the SEC...
The PCAOB recently proposed two auditing standards in an effort to improve the auditor’s report that accompanies annual financial statements: The Auditor’s Report on an Audit of Fina...
On July 10, 2013, the SEC adopted amendments to the Regulation D and Rule 144A private-placement safe harbors, which will eliminate the prohibition on widespread advertising and other for...
