The Ticker

The dramatic reduction in IPO activity over the last 15 years has been well documented and is “a serious issue for our markets and the country more generally,” according to Jay Clayton in his first public speech as SEC Chairman on July 12.

CEO pay may be rising, as reported in a recent Ticker post, but CEO tenure is getting shorter due to investor impatience in a rapidly changing marketplace, according to the recent Dow Jones Newswires article.

While all of Mylan’s directors managed to retain their seats at the annual meeting on June 22, shareholders voted overwhelmingly against the “say-on-pay” proposal and further registered their displeasure with unusually low votes for several directors.

Is your company “revenue-ready”?

In its ongoing effort to reign in the use of non-GAAP financial measures, the SEC has been focusing on a favorite metric of financial economists: free cash flow.

At the recent 2017 FINRA Annual Conference, financial firm representatives and their regulators discussed cybersecurity threats and best practices, notes a Forbes article about the May event. 

Approximately 200 virtual shareholder meetings were held in the past year, of which more than 80 percent were virtual-only meetings, according to Broadridge Financial. 

According to the CII, the growing practice of start-up companies opting for dual-class or multi-class share structures with unequal voting rights represents “a full-scale repudiation of the ‘one share, one vote’ principle that is core to good corporate governance.”

The SEC announced that the former CEO and the former CFO of UTi Worldwide, Inc. have each agreed to pay civil penalties and to cease-and-desist from future violations of the federal securities laws in order to settle charges.