From the Archive

I. Introduction Good morning, and thank you for inviting me to participate in this important program. I am glad that the financial reporting debate is big enough to leave room for more than one Glassman on the program. Before beginning, I should point out that the views I express are my own and not necessarily […]

On Aug. 26, Richard C. Breeden, the former SEC Chairman appointed as Corporate Monitor for MCI, filed a report in U.S. District Court that recommended sweeping changes in the firm’s corporate governance practices. DETAILS Download The Report Download The Entire Breeden Document, “Restoring Trust” Commentary Corporate Governance on Steroids, From Mike O’Sullivan At Munger, Tolles […]

All requests for unused monies must be submitted in writing on letterhead of the account holder to the SEC, Fee Account Services Branch, 6432 General Green Way, Mail Stop 0-6, Alexandria, VA 22313 or by fax at (703) 914-2754. Requests submitted by email are not acceptable. To ensure timely processing of your request, provide all […]

KEY INFORMATION Summary Provides for return of unused filing fees held in filing fee accounts with no activity for 180 days. Effective Date October 21, 2003 Complete Text: Download PDF Version Of The Filing Fee Account Rule Related Resource: Click Here For Instructions for Requesting Unused Money Contacts: Ronnette McDaniel      Filings & Info […]

Last month, $4.4 billion Pitney Bowes announced that VP and Corporate Secretary Amy Corn would become the firm’s Chief Governance Officer, a title recently minted at several other firms including Sunoco, Eastman Kodak and Tyco. We talked with Corn about the CGO position, its responsibilities, its interactions with the PB board, and its potential challenges. […]

In light of Microsoft’s recent decision to replace its stock option plans with restricted stock units, the executive compensation specialists at Equilar decided to analyze the prevalence of restricted stock awards among S&P 1500 CEOs. Their findings? The percentage of companies that awarded restricted stock to their CEO increased from 20.2 percent in 2000 to […]

The “up-the-ladder” reporting rules have only been effective for one week, and already there are issues. The problem? The rules encourage lawyers to inform regulators if they suspect their clients are committing fraud, but some state bar rules prevent lawyers from revealing client confidences. For example, last week the Washington State Bar published an opinion […]

According to a new survey by PricewaterhouseCoopers, executives at U.S. multinational companies are thinking less and less of Sarbanes-Oxley. One year after the passage of the Act, the percentage of executives with a favorable opinion of SOX dropped to 30 percent last month, down from 42 percent when the same group was interviewed in October […]

Draft COSO framework defines key components of “enterprise risk management,” and provides standards to help companies assess and improve their processes and procedures.

Now that the SEC’s new Section 16 rules are in effect, companies must file all Forms 3, 4 and 5 electronically. The electronic filing process is pretty straightforward — the SEC has a new on-line filing system for all forms, and documents submitted by direct transmission on or before 10 p.m. EST are deemed filed […]