ISS recently released for comment draft voting policies for the 2016 proxy season. Two key policy proposals for U.S. public companies aim to address director “over-boarding” and unilateral board actions.
Last month, Goldman Sachs released their quarterly earnings report exclusively through their Twitter account and company website, rather than by press release through an established newswire.
While some companies have recently used social media for the release of material news, caution may be warranted for a medium that is vulnerable to abuse.
The Center for Audit Quality recently reviewed public company proxy statements for the robustness of disclosure concerning the audit committee’s oversight activities.
Last week the SEC staff published much-anticipated guidance on two rules that public companies may use to exclude a shareholder proposal from their proxy statements.
According to a recent report by the Center for Political Accountability, more public companies are voluntarily disclosing information about their political contributions.
According to the report, the SEC filed 807 enforcement actions covering a wide range of misconduct and obtained orders totaling approximately $4.2 billion in disgorgement and penalties.
Deciding what to say and when to say it involves a delicate balance between investors’ need for disclosure and the CEO’s right to privacy.
Materiality is a key element of the U.S. public company disclosure framework, but materiality is a subjective legal standard with no “bright line” definition.