Proxy advisory firms are again in the spotlight as the Securities and Exchange Commission, after punting on potential reforms for the past three years, may be ready to take steps to increase regulation of the proxy advisory industry. Last week, the SEC convened a roundtable on proxy advisers, soliciting views on how it might address […]
Joe Mont
Posted inFrom the Archive
IIRC Unveils Long-Awaited Global Integrated Reporting Framework
Describing it as an “important milestone in the market-led evolution of corporate reporting,” the International Integrated Reporting Council this week released the final version its framework for “integrated reporting,” a global push to rethink stakeholder communications on financial stability and sustainability. The International Integrated Reporting () Framework released on Sunday defines an integrated report as […]
Posted inAccounting & Auditing
SEC Commissioners Will Also Vote on Volcker Rule Tuesday
The Securities and Exchange Commission will be among the regulators weighing in on a near-final version of the Volcker Rule next week. “We expect to move up our consideration of the Volcker rule to Dec. 10 using the seriatim process to coordinate our timing with the other agencies on what is expected to be a […]
Posted inData Privacy
SEC Offers New CDIs on Rule 506 ‘Bad Actor’ Disqualifications
The Securities and Exchange Commission has released 14 new Compliance and Disclosure Interpretations to clarify rules pertaining to “bad actor” disqualifications from using the registration exemptions provided for Rule 506 offerings. Issuers can be disqualified from relying on Rule 506 exemptions in a private offering if a covered person is guilty of proscribed actions. Among […]
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CEOs Make Final Pitch To Limit Scope of SEC’s Pay Ratio Rule
On the last day public comments were accepted for the Securities and Exchange Commission’s controversial pay ratio rule proposal, some of the nation’s top CEOs weighed in with their concerns and suggested changes. In a letter dated Dec. 2, the Business Roundtable – a pro-business, organization for CEOs chaired by Boeing CEO W. James McNerney, […]
Posted inFrom the Archive
Regulators Gear Up For Dec. 10 Vote on Volcker Rule
A long-delayed centerpiece of the Dodd-Frank Act, restrictions on high-risk trading by government-insured banks known as the “Volcker Rule,” will be voted on by regulatory agencies on Tuesday, Dec. 10. The Commodity Futures Trading Commission, Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corp. have scheduled meetings on that date […]
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‘Tis the Season for Compliance Concerns Over Gift Giving
In the weeks ahead, compliance officers should be making a list and checking it twice. A hazard of the holiday season is that all those red bows can also be red flags for regulators, as employees can have different ideas about the appropriate value of gifts to clients and others they do business with, and […]
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Political Spending Disclosures Not on SEC’s Agenda in 2014
Despite receiving a record-setting deluge of 600,000 public comments, the Securities and Exchange Commission is unlikely to address rulemaking that would require companies to disclose their spending on politicians and lobbying efforts. According to reporting by the Washington Post, the SEC will not include political disclosures in its forthcoming report on rulemaking priorities for 2014. […]
Posted inFrom the Archive
ISS Unveils Policy Updates for 2014 Annual Meetings
Institutional Shareholder Services, a leading proxy advisor, has released the slate of annual policy updates that will guide its recommendations at 2014 annual meetings. Among the topics covered are disclosing human rights issues in the supply chain, reporting on lobbying activities, and when a CEO or director is too over-extended to be a effective shareholder […]
