SEC Adopts Rules to Modernize and Simplify Regulation S-K
On March 20, the SEC announced that it had adopted final rules to modernize and simplify certain disclosure requirements in Regulation S-K.
SEC Issues Guidance on Redaction of Exhibits Containing Immaterial, Competitively Harmful Information
On April 1, the SEC issued guidance to assist registrants in complying with the new rules and procedures governing the redaction of exhibits.
SEC Issues Guidance on Board Diversity Disclosure
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.
Proposed Legislation Would Mandate Board and C-Suite Diversity Disclosure
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.
Director Diversity and Other Board Matters: A Look at the Data
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.
Critiquing Stability in the Boardroom
“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.
SEC Enforcement Chiefs Defend Effectiveness of Enforcement Activity During Fiscal 2018
SEC Enforcement Division Co-Directors Stephanie Avakian and Steven Peikin recently gave speeches looking back on fiscal year 2018, which ended on September 30 and was their first full fiscal year in office. Both speeches dispute the notion that fiscal year 2018 saw a decline in the SEC’s enforcement activity.
Spotlight on Gender Diversity in the Boardroom Continues to Intensify
The movement to increase the number of women in the boardroom has gained momentum since The Ticker published “Spotlight on Gender Diversity in the Boardroom,” in February.
Release of Commonsense Principles 2.0
On October 18, a group of high profile CEOs and institutional investors released version 2.0 of the Commonsense Principles, a set of corporate governance principles for public companies, their boards and their institutional investors.
SEC Extends Filing Deadlines for Victims of Hurricane Michael, Warns Investors Against Scams
In an October 16 press release, the SEC said that companies hit by Michael will receive an extension on certain filing deadlines.