Senator Tammy Baldwin (D-WI) has sent a letter to SEC Chair White to express her concerns about the increase in stock buybacks and asks for information on Rule 10b-18, including analytic ...
At ten companies where shareholders have cast votes on proxy access shareholder proposals this season, four companies received more votes in favor of the proposal than against it, while a...
The SEC has announced an open meeting on Wednesday, April 29, 2015, at 10:00 am to consider whether to propose amendments requiring companies to disclose the relationship between executiv...
Companies with proxy access shareholder proposals on their annual meeting ballots are confronting a notice of exempt solicitation filed by the California Public Employees Retirement Syste...
Davis Polk has submitted a comment letter on the SEC proposal for companies to disclose their equity hedging policies. We previously summarized the rule proposal here.
Our comment letter...
According to Amalgamated Bank, the Trustee to the LongView Funds, five companies have agreed to adopt new measures to limit payments in the event of a change in control. Amalgamated Bank ...
As has been reported, the U.S. Court of Appeals for the Third Circuit has decided that Wal-Mart does not have to include in its 2015 proxy materials a shareholder proposal requesting that...
In a letter to SEC Chair White, the U.S. Chamber of Commerce, through the Center for Capital Markets Competitiveness (CCMC), has expressed “significant concern” regarding the enforcem...
The SEC staff has determined that a shareholder proposal can be excluded under Rule 14a-8(i)(3) because the supporting statement is false and misleading, a position that they have general...
A Towers Watson survey found that only about 27% of Fortune 500 companies provided some type of pay-for-performance discussion in 2014. Only 4% of companies added new disclosure, while 5%...
