The SEC Staff decided that a no-action letter by Apple citing the recently issued SLB 14I was not excludable based on the information presented. The Staff noted that “We are unable to c...
Chairman Clayton had previously stated that the SEC’s regulatory flex agenda, when issued, will provide meaningful insight into his objectives for the Commission.
The Fall 2017 agenda w...
It’s no longer a trendy topic, but instead has become routine, to recognize that investors are deeply interested in board composition. The 2017 Spencer Stuart Board Index on S&P 500 bo...
The Framework for U.S. Stewardship and Governance launched by the Investor Stewardship Group, which we previously discussed here, becomes effective on January 1, 2018.
According to a pres...
The SEC has approved a rule change to the NYSE Listed Company Manual Section 202.06 from a proposal it made back in August, which it initially delayed in October until the Exchange later ...
Senator Tammy Baldwin (D., Wis.) has placed a hold on the nomination of Robert Jackson and Hester Peirce as commissioners to the SEC, pending their responses to the questions she raised i...
Apple has submitted a letter to the SEC Staff arguing that the company should be able to exclude a shareholder proposal because its board has made a determination that the proposal is par...
The board should take action when director elections or say-on-pay votes receive less than 80% support, according to the Glass Lewis updated policy guidelines:
Board responsiveness. Glas...
ISS has issued its policy updates, effective for meetings held on or after February 1, 2018.
The updates are more limited in their scope compared to past seasons. ISS conducted a two-par...
At a PLI conference, the Division of Corporation Finance Director Bill Hinman spoke about the new Staff Legal Bulletin (SLB) on shareholder proposals, which we previously discussed here. ...
