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Your business is moving fast. You need to assess new developments quickly, determine if they apply to your business, and act accordingly. The Ticker is designed to focus your attention on key developments in the areas of SEC compliance, capital markets, corporate governance, executive compensation and other matters important to public companies and their officers and directors. Below are summaries of recent developments in these areas.
On August 3, the Board of Governors of the Federal Reserve System proposed metrics for “board effectiveness” as part of a broader document on proposed supervisory guidance for all institutions under Fed supervision.
Late last month, two major stock index firms announced decisions to partially or fully exclude from their indexes companies with multi-class share structures.
Despite optimism during the early days of the Trump administration that the SEC’s pay ratio disclosure rule was on the chopping block, the bitter reality is settling in: it is likely that most public companies will be required to include CEO pay ratio disclosure in their 2018 proxy statements.
The Foreign Corrupt Practices Act of 1977 (FCPA) is associated with bribes, but a recent SEC enforcement order against a major defense contractor reminds companies that the law is also about bids and bookkeeping as well.
The SEC updated its CDIs to provide additional guidance on what historical financial information may be omitted from registration statements.
The recent decision by the U.S. government to close its criminal case against traders at JPMorgan Chase charged with concealing billions of dollars in losses reveals how difficult it is to assign individual blame in a corporate matter.
Wall Street investors are showing more displeasure with corporate directors, notes a recent Bloomberg article.
Public company directors and officers can learn from Procter & Gamble’s response to activist challenges from Nelson Peltz of Trian Partners.
Boards may want to add or tighten overboarding limits in their governance guidelines in light of new research.
According to a recent study, companies thinking about changing their auditors should do so before the end of their second fiscal quarter.
Public companies often complain that certain SEC-mandated disclosure items are unduly burdensome to prepare yet immaterial to investors.
The July 20 publication of the SEC’s Regulatory Agenda revealed a narrowed set of priorities for the agency, reflecting the deregulatory bent of the Trump administration.