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...
FASB’s ratification of new revenue recognition standards on September 23, 2009 means that companies will soon be adopting policies that in many instances will result in significantly ac...
The U.S. IPO market, which has been in the doldrums since 2007, has recently been showing signs of life. We have recently completed several large transactions, and our pipeline of deals i...
Yesterday at the New York Stock Exchange, NYSE Euronext and Davis Polk co-hosted a seminar for listed companies entitled “Preparing for the 2010 Proxy Season: Spotlight on Risk.” The...
A broad cross section of commenters is encouraging the Securities and Exchange Commission (the “SEC”) to take a cautious approach with its latest proposal to allow shareholders to sol...
On July 16, 2009, the Treasury Department proposed additional legislation as part of the Investor Protection Act of 2009[1] (the “Act”), titled Subtitle D – Executive Compensation (...
Companies faced with a shareholder proposal submitted under Rule 14a-8 often seek to exclude the proposal from the proxy statement by submitting a no-action letter to the SEC Staff, citin...
