Fed Seeks Comment on Corporate Governance Proposal for Financial Institutions
Banking In June, Treasury issued a report noting that it believes duties imposed on bank boards are too voluminous, lack appropriate tailoring, and undermine the important distinction between the role of management and that of boards of directors. The Board of Governors of the Federal Reserve System is now requesting comment on a corporate governance proposal […] Read more →
ISS Releases 2018 Policy Survey
Executive Compensation, Public Companies and Securities As is usual in the doldrums of summer, ISS has released its 2018 policy survey which generally foreshadows changes to ISS’ voting policies. In prior years, not everything on... Read more →
OCC Seeks Comment on Volcker Rule to Implement Treasury Recommendations
Banking The Office of the Comptroller of the Currency is seeking comment to assist in determining how the final rule implementing section 13 of the Bank Holding Company Act, which is... Read more →
Delaware Supreme Court Rejects Presumption that Deal Price is Best Estimate of Fair Value; Private Equity Buyer’s Price Deserves Appropriate Consideration
Litigation, M&A In DFC Global Corp. v Muirfield Value Partners, L.P. et al, the Delaware Supreme Court declined to adopt a presumption that in an arm’s length merger the deal price is the... Read more →