The SEC has approved, in their entirety, the changes to the NYSE’s corporate governance rules proposed by the NYSE last August. The new rules will take effect on January 1, 2010. For th...
RiskMetrics Group, an influential proxy advisory service, recently issued updates on its proxy voting policies applicable to meetings of US companies held after February 1, 2010. The upda...
WHILE THE PUNDITS are declaring that the recession is over and the financial crisis has been abated, part of the aftermath is the continuing demand for corporate governance reforms by Con...
For the past six months the air has been thick with SEC proposals and Congressional bills on corporate governance and compensation practices, some of which overlap and others of which sup...
The project of federalizing major elements of our corporate governance and executive compensation processes continues apace. The 1,136-page Restoring American Financial Stability Act of 2...
Last Thursday, the SEC announced settled charges against SafeNet, Inc. and certain of its former officers and employees in connection with an alleged earnings management scheme that mater...
This summary compares the Restoring American Financial Stability Act of 2009, referred to as the “Dodd bill,” with various other legislative proposals.
Momentum on federally-mandated proxy access continues to grow. Although the original target—putting a new regime in place for the 2010 proxy season—turned out to be unworkable in ligh...
The Investor Protection Act passed the House Financial Services Committee (the “Committee”) on November 4, 2009 on a party-line vote. The bill (the “Committee Bill”) modified the ...
The SEC staff has issued Staff Legal Bulletin No. 14E which revises its historical positions on the exclusion under Rule 14a-8(i)(7) of shareholder proposals related to risk evaluation an...
