Different versions of Groucho Marx’ famous remark that he would not be a member of any club that would accept people such as himself, reprised by Woody Allen, came to mind when I read today the SEC’s quasi-absurd news release … Continue reading
Category Archives: The Law
Mirror Mirror on the wall, Who’s the fairest of them all? Starting this July 1, virtually all Massachusetts employers regardless of size must provide gender-based equal pay for equal work (regardless of disparity of titles) for almost everyone: full-time, part-time, … Continue reading
While women have achieved board membership equality in non-profit corporations (48% nationwide), racial and ethnic minorities have not moved the needle over the last twenty years, according to a presentation by Board Source (advisers to non-profits) held in Boston last … Continue reading
Last week’s news carried an SEC press release recounting charges filed against a Florida stock promoter accused of fraud on investors. Details were unremarkable, and for purposes of this post unnecessary. At the end of the release, as is typical, … Continue reading
SEC Guidance to companies has been revised to further emphasize need for more robust public company disclosure of cyber risks and costs, although many public companies now do have extensive if predictable disclosure sections. And, in fact, directors need to … Continue reading
If you sell over the internet, what if I told you that the European Union’s GDPR may well cost you a fine of $2.5M or of 4% of your annual sales? Absurd but — the EU’s General Data Protection Regulation … Continue reading
“Hates California, it’s cold and it’s damp….” Just back from a week in the San Francisco area and while it was indeed cold (record-setting in 30s) and while it was definitely not damp (the Sinatra lyric was written before the … Continue reading
It is always interesting to track the unofficial pronouncements of SEC commissioners; it gives you a sense of their fundamental thought drivers. So a couple of weeks ago Commissioner Kara Stein gave a speech at Stanford billed as “reimagining” the … Continue reading
What happens when your licensor files for bankruptcy? Companies filing Chapter 11 always have had the right to accept or reject any contract that has yet to be performed fully. This right become volatile in the new economy where so … Continue reading
Directors sometimes don’t understand the meaning of risk. Boards undertake ERM (enterprise risk management) as making sure there is regulatory compliance, sound accounting and reasonable cyber protection. These are important to address but are NOT the key elements of risk … Continue reading