The SEC recently issued new Compliance and Disclosure Interpretations (CDIs) on non-GAAP financial measures by public companies.
Beginning May 16, 2016, eligible companies are allowed to raise capital using new rules known as Regulation Crowdfunding.
The Delaware Court of Chancery recently highlighted the need for officers and directors to review advancement and indemnification provisions carefully and to follow any specific requirements when prosecuting their claims for indemnification.
The SEC recently approved the PCAOB’s new rules requiring disclosure of the identities of audit engagement partners and other audit firms participating in the audit.
In April, the SEC delivered a much-anticipated 341-page concept release requesting public comment on 340 numbered questions and many more additional sub-questions regarding the presentation of business and financial information.
Included in the SEC’s concept release on Regulation S-K disclosure is an inquiry into the value of quarterly reporting and whether quarterly reports should be discontinued or made voluntary for U.S. public companies.
During the past year, the SEC has been issuing comment letters regarding non-GAAP financial measures and has repeatedly expressed concerns about potentially misleading presentation techniques.
Beginning May 16, 2016, new rules will permit individuals to make small investments in securities offered by U.S. businesses on the Internet without meeting any financial or sophistication test.
The Council of Institutional Investors recently released its expectations for corporate governance best practices at companies going public.
In a recent speech at the Stanford Law School, SEC Chair Mary Jo White expressed concern over non-public startups with eye-popping valuations of $1 billion or more.