A group of executives from some of the largest U.S. corporations and investment managers recently released a report entitled “Commonsense Corporate Governance Principles.”
The SEC recently updated its compliance and disclosure interpretations to provide additional guidance on eligibility for use of a short-form Schedule 13G to report beneficial ownership of greater than 5 percent, rather than the longer Schedule 13D.
The SEC recently approved final amendments to its rules of practice for administrative proceedings, allowing parties to take depositions in certain circumstances and adding flexibility to the current timelines.
On Wednesday, July 13, the SEC proposed amendments to eliminate certain outdated or redundant disclosure requirements as part of its overall disclosure effectiveness review.
Recently, the SEC approved Nasdaq’s proposed rule to require listed companies to publicly disclose “golden leash” compensation or payments by third parties to directors or nominees in connection with their service on or candidacy for such company’s board.
With half of the year completed, commentators are noting trends in 2016 proxy season voting results. Overall, shareholder support in director elections declined in 2016 compared to 2015, and shareholder proposals involving proxy access were the shareholder proposals most likely to garner majority shareholder support.
On Monday, the SEC proposed changes to the definition of “smaller reporting company” that would allow more public companies to use the scaled-back disclosure applicable to these companies.
Last week, Tesla Motors announced its bid for SolarCity in a blog on its company website, rather than by press release through an established newswire.
Public companies with operations in the U.K. and the E.U. should consider and disclose how uncertainties related to Brexit may impact their results and operations.
The SEC recently updated its compliance and disclosure interpretations (CDIs) providing guidance under Rule 701 in the context of M&A transactions.