Consolidating its lead in the digital archiving and electronic discovery space, Zantaz recently acquired Steelpoint Technologies, a Boston-based provider of high-end electronic discovery and litigation support solutions. The acquisition brings Zantaz over 100 customers, including several large law firms that use Steelpoint’s litigation support services. The move is also the second acquisition for Zantaz this […]
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Posted inFrom the Archive
Environmental Lawyer Charges Dow Chemical With Disclosure Violations
Environmental lawyer Sanford Lewis has fired off a letter to the SEC asking the regulator to investigate what he deems to be misleading statements made by Dow Chemical management concerning the company’s potential environmental and personal injury liabilities. Lewis “We are writing to bring your attention to a number of inadequacies and irregularities in disclosures […]
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Governance Benchmarking: Peer Groups, Reviews Can Play A Critical Role
For companies that are attempting to benchmark their corporate governance practices against peers and industry leaders, there is a growing body of publicly available information to support those efforts. The emergence of various governance ratings systems can also help companies determine how their governance practices stack up against peers and competitors. The challenge is for […]
Posted inFrom the Archive
July 2004 Equity Awards: Companies Moving Away From 10 Year Options?
Every month, Compliance Week publishes a list of the largest stock option grants and restricted stock awards during the previous period. The data and analysis are provided by compensation research firm Equilar, Inc. THE DATA Latest Data Download Top Equity Awards In July; Prior Months’ Data Data provided by Equilar, Inc., an independent provider of […]
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July, 2004: Largest Option Grants And Stock Awards
Downloadable spreadsheet of the largest equity awards during the month of July, 2004
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Stock Options To Be Treated As Equity, Not Liability
The Financial Accounting Standards Board decided last week that employee stock options should be classified on the books as equity, not as liability. The move was largely in response to concerns raised in letters and roundtables regarding its proposed stock-based compensation standard (available from the box at right). The decision ends a debate with academics, […]
Posted inInternal Controls
Small Company Confesses To Violation Of SOX 402
A specialty chemical company recently informed the Securities and Exchange Commission that it violated new rules prohibiting loans to executives. It also said a deficiency identified by its auditor caused the company’s disclosure controls and procedures not to be effective at a “reasonable assurance level.” Although the case involves a very small company, it provides […]
Posted inBoards & Shareholders
Enhanced D&O Responsibilities For Compliance, Ethics
Effective Nov. 1, as a direct result of Sarbanes-Oxley’s mandate to the U.S. Sentencing Commission, public company directors and senior executives will assume significantly greater responsibilities to ensure the existence of effective corporate compliance and ethics programs. The amended guidelines essentially set forth two overarching requirements: first, that corporate officers and directors exercise due diligence […]
Posted inAccounting & Auditing
Five Worst Practices To Avoid When Handling Restatements
Many compliance officers and in-house counsel are aware of the important steps they need to follow in order to assess a potential financial restatement and implement a comprehensive strategy for managing the restatement. It is perhaps equally instructive, however, to study the more egregious mistakes that others have made in the face of a restatement […]
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Gas Co. Provides Compliance Week With SEC Request Letter
As you’ve likely read in the news, five oil companies recently received information requests from the SEC, which is trying to determine whether the companies made improper payments to officials overseas. The payments were discovered during a U.S. Senate investigation into transactions at Riggs Bank. The probe uncovered large payments made by the five oil […]
