CII issued a recent policy statement focused on newly public companies, prompted by concerns about high-profile IPOs using dual-class shares. In 2015, dual-class IPOs raised twice as muc...
U.S. Senators Tammy Baldwin (D-WI) and Jeff Merkley (D-OR) have introduced The Brokow Act designed to increase oversight of activist hedge funds. Senators Bernie Sanders (I-VT) and Elizab...
The SEC Division of Corporation Finance issued a rare FAQ on a proxy rule yesterday, making clear that companies must provide details when listing shareholder proposals on proxy cards. Th...
Investors have expressed concerns about the length of director tenure for several years, pushing companies to focus on board succession planning and board refreshment processes. There ha...
A recent decision by the U.S. District Court for the Northern District of Illinois Eastern Division indicates that companies should be careful about providing some, but not all, of an exe...
According to an analysis by Bloomberg, since 2011, 5 of the biggest U.S. activist funds have nominated women just 7 times in seeking 174 board seats. Bloomberg examined Elliot Management...
Strong independent leadership will be a key focus of State Street’s 2016 corporate governance engagement program, according to a letter that the investor sent to board members.
All comp...
At SEC Speaks 2016, the SEC Enforcement Division indicated that they are interested in investigating public companies’ failure to disclose cyber breaches.
No such case has been brought ...
At SEC Speaks 2016, the Staff in the Division of Corporation Finance discussed the goal of finalizing the three proposed executive compensation rulemakings remaining under the Dodd-Frank ...
This is the first of a multipart series on SEC updates related to corporate governance areas discussed during the recent SEC Speaks conference.
The SEC Staff in Corporation Finance is con...
