The wicked flee when no man pursueth: but the righteous are bold as a lion. — Proverbs 28:1 In the 2016 Massachusetts SJC decision of Commonwealth v Warren, the Court declared that running away from the police, without additional indications … Continue reading
Stephen Honig
Will the twains ever meet in the board-room? Sort of. Recent statistics cited by the Korn Ferry placement firm looked at boards of the S&P companies. Only twenty directors were in their thirties while a whopping 2,488 were in their … Continue reading
Why does most of my spam received on my blog come to me in Russian or Chinese? If sharks can bite a man standing on a sand bar, as happened in Truro on Cape Cod, why did they keep … Continue reading
The PCAOB is the board supervising accounting services to public entities. Its 2017 report on the quality of audits of 75 BDs is troubling. I must add that it is not clear that any of the errors noted caused any … Continue reading
You may have noted a flurry of posts in the last several days as I cleared my desk of interesting new matters that accumulated during the last few weeks, which I spent with family down on the Cape. Now that … Continue reading
Much of the US corporate governance scheme relies on the sagacity of independent directors, directors not beholden to management or major ownership’s interests and thus able to guide the company fairly on behalf of all shareholders. Certainly for larger and … Continue reading
The Boston office of the SEC has just settled charges leveled at Credit Suisse under the US Foreign Corrupt Practices Act by requiring profit disgorgement and interest in the amount of approximately $29 Million. Tack on another $47 Million to the Department of Justice … Continue reading
My recent post flagged adoption of the new Mass law regulating noncomps by statute for the first time in the State, basically limiting noncomps to one year and requiring some payment during the restricted period. Some important details to note: … Continue reading
Big news Tuesday was Musk announcing he might take Company private and had the financing lined up. Not surprisingly, the market price of the stock rose towards his stated tender price of $420 per share. Equally not surprising, on Wednesday the SEC … Continue reading
The Governor last week signed the long-awaited Massachusetts statute that deeply cuts back the enforceability of non-comp agreements for employees. The Act applies to all agreements made on or after October 1. A detailed analysis will follow, but note that now: *Maximum time is one … Continue reading