Corporate governance - Vigil

I want to thank you for the opportunity to speak with you today [May 6, 2016], and I’m going to return the favor by providing you with an invitation as well. I want your input on perhaps one of the most significant undertakings the Commission has faced in decades.

The SEC announces the agenda for the May 18, 2016 meeting of its Advisory Committee on Small and Emerging Companies.

One down, three to go: SEC rulemaking is heating up. Last month, the Securities and Exchange Commission (SEC) finalized business conduct standards for security-based swap dealers (SBSDs).

Sodali Inc., a London firm that advises companies on shareholder votes, acquired a U.S. competitor as it seeks to capitalize on the expanding reach of activist investors.

Last week, a six-agency brain trust of regulators released a draft of rules to implement section 956 of the Dodd-Frank Act, covering incentive-based pay arrangements that could encourage risk or excessive pay among financial institutions. The draft includes a number of rules on pay practices

Shareholder activism, that seeks short-term gain for corporate shareholders, and the response to it by some long term investors, that seek long-term growth in corporate profitability, is creating inconsistent shareholder directives to directors of public companies. At the same time under Delaware corporate law the selection of a time frame for the achievement of corporate goals is a decision of the directors which may not be delegated to the shareholders. This post addresses how directors may seek to resolve these conflicting considerations.

Proposed CalPERS election rules would exempt CalPERS from the legally required process, reducing opportunity for public input & increasing entrenchment.

FRANKFURT - Volkswagen's board of directors has recommended shareholders formally approve the work of the company's top management team for last year despi

On May 6, the Delaware Supreme Court issued an Order that sets forth concisely the contours of the defendant-favorable standards for determining liability of directors and their advisors following the closing of sales of control of companies.

NetSpend’s former CEO Dan Henry has emerged as a leading candidate for the top job at Green Dot if hedge fund Harvest Capital Strategies manages to oust founder and CEO Steven Streit at a shareholder meeting later this month.

Corporate directors inevitably must make real-time decisions on complex and nuanced matters that impact not only the company, but also the company’s various stakeholders—e.g., shareholders, creditors, and employees.

Much of what scholars and practitioners think of as core corporate governance—the oversight and control of internal corporate affairs— is now being subsumed by “compliance.” Although compliance with law and regulation is not a new idea, the establishment of an autonomous department within firms to detect and deter violations of law and policy is. American corporations are at the dawn of a new era: the era of compliance.