Updates & Events

On March 20, the SEC announced that it had adopted final rules to modernize and simplify certain disclosure requirements in Regulation S-K.

On April 1, the SEC issued guidance to assist registrants in complying with the new rules and procedures governing the redaction of exhibits.

The SEC recently updated its compliance and disclosure interpretations (CDIs) to provide guidance on what disclosure of directors’ self-identified diversity characteristics is required under Item 401 of Regulation S-K and, with respect to director nominees, under Item 407.

The proposed legislation would require any proxy statement relating to the election of directors to include disclosure of certain self-identified diversity characteristics of the company’s directors, director nominees and executive officers.

Two new publications by Deloitte and Ernst & Young provide useful data to assist boards in comparing their own composition, views and practices to those of other boards.

“Corporate boards are very stable. That’s not necessarily a good thing.” So begins an article published late last year in The Wall Street Journal, discussing the findings of the 2018 U.S. Spencer Stuart Board Index.

Ryan Murphy and Clint Cutler contributed to the April edition of the Journal of Corporate Renewal, an issue focused on the growing agricultural industry financial crisis. 

Wallin Education Partners has appointed Fredrikson & Byron attorney Kaleb E. Rumicho to its Board of Trustees.

Various U.S. Customs and Border Protection ports of entry and Preclearance locations have implemented a policy of refusing to process L-1 extension petitions presented by Canadians pursuant to the North American Free Trade Agreement.

A new Field Assistance Bulletin reiterates an H-1B petitioner's obligations when using electronic means to make the required notice to all affected employees.