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...
Amid pressure to separate parts of its restaurant chain, Darden had decided to spin off Red Lobster. Two hedge funds, Barrington Capital and Starboard Value, previously proposed more dras...
25% of companies are still in the early stages of compliance with the conflict mineral rules that require public disclosure on June 2, according to the latest PwC survey on where companie...
An SEC press release announced that a whistleblower who had already attained an award in 2012 received an additional $150,000, for a total of $200,000, after the SEC collected more money ...
The latest issue of ISS Board Practices reflect incremental but meaningful changes in several key governance areas. For the first time, just slightly more than half (51%) of S&P 1500 comp...
That is the title of a law review article by Delaware Supreme Court Justice Leo Strine. Chief Justice Strine wades into the debate taken up by Professor Lucian Bebchuk, who strongly advoc...
While only 142 Russell 3000 companies have failed say-on-pay in the last three years from over 7,000 companies with those votes, 893 companies had to counter negative recommendations from...
The need for disclosure about cybersecurity breaches must be balanced against other factors, urged some of the panelists at the SEC’s roundtable on cybersecurity when the discussion foc...
Sean McKessy, the Chief of the SEC’s whistleblower office, recently warned companies not to be “creative” in trying “get people out of our programs.” He was referring to concern...
The SEC staff’s Rule 14a-8 process is being supported by perhaps an unlikely group. Twenty socially responsible investors, led by NorthStar Asset Management, Inc., have begun a campaign...
