Joe Mont

For the second consecutive year, compensation for outside directors at the nation’s largest corporations increased modestly, according to an annual analysis of Fortune 500 companies by global professional services firm Towers Watson. Although overall pay levels were stable, companies are continuing to refine the design of their director pay packages in response to both internal […]

Oxfam America has filed a motion to intervene in a lawsuit filed last month by the U.S. Chamber of Commerce and oil companies over a new requirement that they disclose payments made to governments in exchange for extraction rights. The law in question, known as Section 1504 or the Cardin-Lugar Amendment of the Dodd-Frank Act […]

Following high-profile cases of fraud and misappropriated funds at Peregrine Financial Group and MF Global, the Commodity Futures Trading Commission voted this week to approve new regulations,and amend existing rules, to better safeguard money and securities deposited by customers with futures commission merchants (FCMs) and derivatives clearing organizations (DCOs). Included in the proposal, which will […]

The National Association of Manufacturers and the U.S. Chamber of Commerce have initiated a legal challenge against the Securities and Exchange Commission over a regulation that mandates the disclosure of the use of “conflict minerals” in supply chains. The petition for review was filed on Friday, with an order issued Monday by the U.S. Court […]

More than 1,500 advisers to private funds and hedge funds have registered with the Securities and Exchange Commission since new requirements for doing so were included in the Dodd-Frank Act. The SEC’s tally, announced on Friday, is in addition to 2,557 private fund advisers who had already voluntarily registered. In total, 11,002 investment advisers are […]

If you search the word “boondoggle,” Google won’t send you to its investor relations page. But after a prematurely released earnings statement was filed with the Securities and Exchange Commission on Thursday, maybe it should. The headline-grabbing mistake should serve as a cautionary lesson in an age of electronic filings and the hair-trigger traders who […]

The Office of the Comptroller of the Currency on Thursday released additional stress testing guidance for community banks with assets of $10 billion or less as they assess risk in their loan portfolios. The guidance is contained in OCC Bulletin 2012-33, “Community Bank Stress Testing: Supervisory Guidance.” It provides additional clarity around the expectations for […]

Companies continue to struggle with whistleblower retaliation issues, a problem exacerbated by a lack of transparency and rank-and-file employees increasingly becoming part of the problem. Those were among the conclusions drawn by NAVEX Global, a global ethics and compliance intelligence consultant, after it surveyed senior executives and ethics and compliance professionals in September on whistleblower […]

With a unanimous vote on Wednesday, the Securities and Exchange Commission moved forward with proposed rules detailing its efforts to reduce the risks posed by large, un-collateralized derivatives positions. In response to the financial crisis, notably the $182 billion bailout of American International Group following crippling losses on credit default swaps, Title VII of the […]