Governance surveys indicate that the S&P 500 companies have largely dismantled their takeover defenses and have established so-called “good” governance practices, but that is not the ...
The Administrative Review Board of the Department of Labor concluded that Lockheed Martin had violated Section 806 of the Sarbanes-Oxley Act after an employee alleged that the company ret...
The controversy surrounding proxy advisory firms has reached Congress, as the House Capital Markets and Government Sponsored Enterprises Subcommittee held a hearing yesterday to examine t...
Commissioner Gallagher recently lamented that the SEC has played a “significant role” in the rising influence of proxy advisory firms and the increasing willingness of investors to re...
While we wait for the SEC to act on the Dodd-Frank mandate on recoupment of executive compensation, Walmart will be facing an unusual shareholder proposal on the topic this coming week.
T...
The recent PCAOB reproposed auditing standards on related parties and significant unusual transactions also include a modification to Auditing Standard No. 12, Identifying and Assessing R...
Seeking injunctive relief, shareholders of Groupon complained that the company improperly aggregated separate and distinct amendments to Groupon’s 2011 incentive plan to be voted on at ...
President Obama has named Kara Stein, Democrat, and Michael Piwowar, Republican as nominees for SEC Commissioners. Both are currently Senate aides.
Ms. Stein is currently legal counsel...
The Council of Institutional Investors is urging the SEC to take action in response to news reports that Broadridge will discontinue its practice of providing voting tallies to proponents...
According to several news outlets, Chairman White declared during her testimony before the House Financial Services Committee on Thursday that “no one is working on a proposed rule,” ...
