Proxy Access–Dead for Now
We posted on Jul. 29, 2011 that the U.S. Court of Appeals for the District of Columbia had vacated the SEC’s proxy access rule. SEC Chairman Mary L. Schapiro confirmed on Sep. 6, 2011 that the SEC...
View ArticleStill More on Proxy Access
We recently commented on the SEC’s decision not to challenge the court ruling vacating its proxy access rule. The Council of Institutional Investors had quickly registered its disappointment. Global...
View ArticleSEC Takes a Look at Capital Raising
We reported in May 2011 about the future of capital formation—through testimony by the SEC Chairman before a Congressional committee and the Committee Chairman’s comments. At the time Chairman...
View ArticleSEC Adopts Amendments to Its Accredited-Investor Net-Worth Standard
The Securities and Exchange Commission announced on Dec. 21, 2011 that it has adopted amendments to its rules regarding the net-worth standard (PDF) for determining an individual “accredited investor”...
View ArticleSay on Pay: A Practice Pointer
This week, the SEC released a new Compliance and Disclosure Interpretation (“C&DI”) for Exchange Act Rule 14a-21. This rule sets forth one of the say-on-pay requirements mandated by the Dodd-Frank...
View ArticleTime to Consider Application of the Conflict Minerals Rule
The Securities and Exchange Commission’s Conflict Minerals Rule, Rule 13p-1 (.PDF), mandated by Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which added Section 13(p)...
View ArticleCompensation Consultant Conflict Disclosure
A public company preparing, or beginning to prepare, the proxy statement for its 2013 annual shareholders’ meeting should be aware (or be reminded) of a new disclosure requirement adopted by the...
View ArticleSay-On-Pay and Say-On-Frequency Votes for Smaller Reporting Companies
About two years ago, the Securities and Exchange Commission adopted rules implementing provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (.PDF) that require public companies...
View ArticleNASDAQ’s Final Rules on Independence Regarding Compensation Committees
The Securities and Exchange Commission recently approved the NASDAQ listing rules (.PDF) to comply with the SEC’s Rule 10C-1 under the Securities Exchange Act of 1934, as amended. Rule 10C-1 (.PDF)...
View ArticleSEC Adopts Final Rules Allowing General Solicitation and Advertising in...
On July 10, 2013, the U.S. Securities and Exchange Commission adopted significant amendments (PDF) to the private placement rules which will permit general solicitation and advertising in private...
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