In recent years, the SEC has made a number of incremental changes to make disclosures more effective – not only more meaningful and user-friendly for investors, but also helpful to those of us who prepare disclosures for our companies and
Gunster
Gunster is a Florida-based law firm with over 320 attorneys and consultants collaborating across more than 30 practice and industry teams. The firm provides legal services tailored to business clients, focusing on sectors such as construction, energy and utilities, healthcare, real estate, and transportation and logistics. Gunster publishes insights and news that address regulatory, corporate governance, and transactional issues relevant to these industries. Their content often discusses legal developments, compliance challenges, and strategic considerations for businesses operating in Florida and beyond. The firm also engages with topics like shareholder proposals, proxy advisory firms, and the impact of technology on corporate governance.
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The lowly D&O questionnaire
I recently came across an article reporting that the interim president of a state university system had failed to report a number of corporate board seats on his ethics forms. That got me thinking about the forms he may have…
There STILL ought to be a law
In December 2014, I posted my concerns with the law on insider trading. Perhaps someone read it, because the following year, H.R. 1625, the “Insider Trading Prohibition Act,” was introduced in the House of Representatives. I regarded it as…
The fundamental things apply…
For those of you who’ve heard me sing, rest easy – I’m not going to break into “As Time Goes By.” But the lyric I’ve quoted in the title is worth noting. In fact, it was noted, albeit in substance…
The board is dead! Long live the [to be provided]!
“Where was the board?” It’s a question we hear whenever something – anything – goes wrong at a public company. The question has been asked in all sorts of circumstances, ranging from failing jet systems, to networks being hacked, to…
Streamlined and modernized: new FAST Act rules become effective
As we previously reported, the SEC has adopted amendments to the public company disclosure rules intended to further streamline and simplify the reporting process for public companies. The amendments also significantly change the process for requesting and renewing confidential…
In sickness and in health 2.0
Four years ago, I commented on the then-recent announcement that Jamie Dimon, Chairman and CEO of JP Morgan Chase, was battling cancer. At the time, Dimon noted that he had struggled with whether the company should disclose his illness.
It’s…
Goldilocks and the three sets of minutes
There probably aren’t too many subjects nerdier than corporate minutes. Lawyers (among others) tend to focus on exciting (dare I say sexy?) matters like M&A, activism, and bet-the-company litigation. Those and other topics are surely exciting, but failing to pay attention…
Disclosure effectiveness on a FAST track (get it?)
As our readers know, I am irritated by Congress’s penchant for naming bills so as to create nifty acronyms. And for including provisions that have nothing to do with the name or the acronym. However, I can better put up with…
The SEC modernizes exempt compensatory offerings (with more changes in the works)
SEC Rule 701 exempts non-reporting companies from registering securities offered or sold to employees, officers, directors, partners, trustees, consultants, and advisors under compensatory benefit plans or other compensation agreements. As discussed in an earlier post, under the Economic Growth,…