Apple has submitted a letter to the SEC Staff arguing that the company should be able to exclude a shareholder proposal because its board has made a determination that the proposal is par...
The board should take action when director elections or say-on-pay votes receive less than 80% support, according to the Glass Lewis updated policy guidelines:
Board responsiveness. Glas...
ISS has issued its policy updates, effective for meetings held on or after February 1, 2018.
The updates are more limited in their scope compared to past seasons. ISS conducted a two-par...
At a PLI conference, the Division of Corporation Finance Director Bill Hinman spoke about the new Staff Legal Bulletin (SLB) on shareholder proposals, which we previously discussed here. ...
In a speech yesterday, Chairman Clayton expressed interest in examining the proxy process, including investor participation, as one of the Commission’s key long-term agenda items. He s...
Yesterday, the SEC Staff issued a new Staff Legal Bulletin (SLB) on shareholder proposals. The most striking impact it will likely have initially is on the ordinary business exclusion, R...
ISS is seeking public comment on three policies that will impact U.S. companies with the comment period to close on November 9. It will release final policy updates, which will contain m...
On October 23, the SEC approved a new PCAOB audit standard that requires the auditor’s report to identify and discuss critical audit matters (CAMs) encountered in the audit. The new sta...
The SEC has approved the PCAOB proposal to adopt AS 3101, The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion, largely as proposed...
BlockRock has made clear that it disagrees with recent decisions by index providers to exclude companies based on governance issues. Although not mentioned by BlackRock specifically, this...
