Dodd-Frank Public Companies and Securities
Update on OECD Conflict Minerals Project
Public Companies and Securities When the SEC proposed rules on the conflict minerals requirements of the Dodd-Frank Act, it indicated that the statutory provision contemplates that issuers must use due diligence in their supply chain determinations. It also indicated at that time that it would not be appropriate for the SEC to prescribe any particular guidance for conducting due [...] Read more →
Deere and HP May Exclude Shareholder Proposals Requesting Mandatory Auditor Rotation
Public Companies and Securities Deere and HP received shareholder proposals under Rule 14a-8 requesting that the Company’s Board of Directors and its Audit Committee establish an Audit Firm Rotation Policy... Read more →
Kaufman Memorial Securities Law Moot Court Competition
Litigation, Public Companies and Securities Each spring, Fordham University School of Law hosts the Irving R. Kaufman Memorial Securities Law Moot Court Competition. Held in honor of Chief Judge Kaufman, a Fordham Alumnus... Read more →
ISS Issues 2012 Policy Updates
Executive Compensation, Public Companies and Securities ISS has issued its 2012 Policy Update. Pay-for-Performance (P4P) ISS’ revised analysis will consider the following factors: Peer group alignment. The degree of alignment... Read more →
SEC Staff Issues First Whistleblower Report
Public Companies and Securities Section 924(d) of the Dodd-Frank Act requires the SEC’s Office of the Whistleblower to report annually to Congress on its activities, whistleblower complaints, and the response... Read more →
Faultless Sarb-Ox Clawbacks for CEOs and CFOs – Delay Lets You Negotiate Down
Executive Compensation, Litigation, Public Companies and Securities The SEC has announced that the former chief executive officer and chairman of CSK Auto Corporation, Maynard Jenkins, has agreed to return $2.8 million in bonus compensation and... Read more →
First Proxy Access Proposal Reported Filed
Public Companies and Securities According to the ISS blog, the first proxy access proposal was filed with MEMC Electronics. The proxy access proposal was reportedly based on a model proposal developed by the... Read more →
Directors Agree to SEC Monetary Sanctions for Ignoring Repeated Red Flags
Litigation, Public Companies and Securities The SEC announced that three former directors of DHB have agreed to more than $1.6 million in monetary sanctions to settle charges that they were involved in an accounting... Read more →
Shareholder Rights Group Promotes Model Proposal for Proxy Access
Public Companies and Securities The United States Proxy Exchange has provided a “model” shareholder proposal for proxy access. The USPE is a non-profit group that bills itself as “dedicated to... Read more →
Conflict Minerals Update
Public Companies and Securities The SEC has proposed rules mandated by the Dodd-Frank Act that would require new disclosures by public companies concerning conflict minerals that originated in the Democratic... Read more →