What happened to Regulation G, the SEC rule intended to stop companies touting EBABS, or “Earnings Before All The Bad Stuff?” The regulation, adopted in January 2003, applies whenever a company publicly discloses a non-GAAP financial measure. All such disclosures must include a quantitative reconciliation of the differences “between the non-GAAP financial measure presented and […]
O'Hara Neil
Posted inBoards & Shareholders
Lost In Space: Online Annual Meetings Remain Rarity
How do shareholders attend an annual meeting if there’s nowhere to go? That’s not a trick question. Inforte Corp., a $32.7 million customer strategy and solutions consulting company based in Chicago that went public in 2000, has held its annual meetings in cyberspace ever since. A year later, $107.4 million ICU Medical, a medical device […]
Posted inBoards & Shareholders
Board Practices Like Night And Day Since SOX
OIt’s like night and day,” says Bill Ide, a partner at McKenna Long & Aldridge, comparing current board committee procedures with his earlier experience as general counsel and corporate secretary of Monsanto. “We’re in an era of process- and rules-based operation,” notes Ide, who also chairs the governance and nominating committee of restaurant operator AFC […]