Financial Regulatory Forum

Corporate governance: succession planning through crises and emergency transitions

By Guest Contributor
March 23, 2012

By Alex Lee

NEW YORK, March 23 (Business Law Currents) – In an environment of increased corporate governance scrutiny, succession planning through both departures and crises is a focal point for shareholder interests and transparency-related issues. Companies historically kept succession plans close to their vests, but recent succession episodes at Apple Inc., Bank of America Corpand Hewlett-Packard have highlighted the multitude of issues that shareholders have with respect to the concern shown by boards on such a significant matter.

Corporate governance: SEC, shareholder activism driving enhanced director disclosure

By Guest Contributor
February 17, 2012

By Alex Lee

NEW YORK, Feb. 17 (Business Law Currents) – With a slew of Dodd-Frank and SEC driven regulations headlining the 2012 proxy season, enhanced director disclosure will be a prominent issue as investors demand heightened corporate accountability and broader levels of transparency. Rules put in place a couple years ago on compensation policies, risk incentivizing, director/nominee disclosure, board structure and oversight have now had the time to incubate sufficiently for companies to respond in a serious manner.

Corporate Governance: proxy advisory guidelines and the shifting landscape of benchmarking executive compensation

By Guest Contributor
January 30, 2012

By Alex Lee

NEW YORK, Jan. 30 (Business Law Currents) – Last year’s introduction of say-on-pay regulations via Dodd-Frank helped to arm shareholders with the capacity to disapprove compensation policies, but the SEC’s evolving compensation disclosure regulations and recent updates from proxy advisory firms’ guidelines indicate that executive compensation remains a key issue. While the post-Lehman headlines of public outrage and calls for legislative scrutiny over executive compensation may have waned, now more than ever, companies need to exercise great care when considering executive compensation policies.

Broad swath of CEOs line up against “Wall Street” reform provision – Washington Post

May 14, 2010

The U.S. Senate may call its financial regulatory overhaul a “Wall Street reform bill,” but corporate leaders from across U.S. industry are lining up to oppose one of  its provisions, the Washington Post writes. The newspaper says chief executives are lobbying to kill a “proxy access” provision of the legislation that would make it easier for shareholders to nominate board directors at publicly traded companies, and thus exercise a tighter rein on management.

INTERVIEW – Proxy access for all, U.S. SEC Commissioner says

By Reuters Staff
February 9, 2010

By Rachelle Younglai

WASHINGTON, Feb 9 (Reuters) – All publicly traded companies should be required to give shareholders a way to influence the composition of their corporate boards, a top U.S. Securities and Exchange Commission official said on Tuesday.

Shareholders need real voice: U.S. SEC chief

By Reuters Staff
November 4, 2009

U.S. Securities and Exchange Commission Chairman Mary Schapiro bites her lip as she listens to questions during her testimony before the Senate Banking Committee on Capitol Hill in Washington, June 22, 2009.    REUTERS/Jim Young    (UNITED STATES POLITICS BUSINESS IMAGES OF THE DAY)   NEW YORK, Nov 4 (Reuters) – The top U.S. securities regulator on Wednesday called on Corporate America to upgrade its proxy voting practices to ensure shareholders a greater voice in governing the companies they own.

US SEC won’t finalize proxy access for board nominations until early 2010

By Reuters Staff
October 2, 2009

Mary Schapiro, chairman of the Securities and Exchange Commission (file photo) WASHINGTON, Oct 2 (Reuters) – Finalizing a controversial proposal to give U.S. investors a cheaper and easier way to nominate corporate directors is taking longer than expected and securities regulators will not vote on it until early in 2010.