On August 26, 2020, the SEC adopted changes to its definition of “accredited investor.” The SEC Release can be found here. The new rules will become effective 60 days
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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One-trick ponies and hordes of directors
For both public and private companies, it’s important to determine the skills and other attributes needed to form a good or, hopefully, great board. Of course, there are basics that always…
13F proposal — the SEC can (and should) do better
From where I sit, the SEC under the chairmanship of Jay Clayton has generally done a good job for public companies. It has adopted a number of rules and amendments…
More serious food for thought
In my last post, I expressed some thoughts about the need to address our history and continuing practice of racial discrimination and inequality. I’m still thinking about specific actions that I can take to put my actions where my…
I’m serious
Readers of this blog know that my posts tend to be on the light side – even when addressing subjects I regard as important, I find it hard to avoid at least a touch of sarcasm or irony. Each posting…
When it comes to perquisites, caveat discloser
As noted in a prior post, every now and then the SEC Enforcement Division likes to remind companies of the requirement to disclose personal benefits, or perquisites. I’d even hazard…
Of shields and swords, pigs and hogs
About two years ago, I wrote a post about director compensation, quoting the old saw that pigs get fat but hogs get slaughtered. Given what I’ve been reading of late,…
Aristotle was right (or, “tell your story or someone else will”)
Aristotle is said to have coined the phrase “nature abhors a vacuum.” Far be it from me to question Aristotle, but while he was right, I think his view was…
Disclosure as disinfectant
The pandemic seems to raise new challenges every day – or possibly every hour – in both our personal and work lives. However, at least one of the challenges is…
Plague, shmague, as long as you have an independent board chair
Pandemics may come and go, but governance marches on. That’s the message BlackRock seems to have sent earlier this week, when it distributed its “Engagement Priorities for 2020.” …