Glass Lewis, one of the two major firms which provide advisory service to investors relative to voting for or against director candidates, has announced some substantial (if not surprising) revisions to its review standards designed to foster ESG-related elections to … Continue reading
Category Archives: The Law
A week or so ago I almost posted about a criminal anti-trust complaint brought by the Department of Justice, the first in decades. I chose not to, thinking the event an outlier that must have involved incredibly horrendous facts; after … Continue reading
Six years ago Dell Technologies financed its multi-billion dollar acquisition of EMC Technologies by issuing a special class of “V” shares. Two years later Dell, under the leadership of Michael Dell, recapped the V class and distributed to holders $14 … Continue reading
I seldom post two days in a row, let alone on the same subject, but I am intrigued by Elon Musk’s 10-year comp agreement at Tesla that can net him as much as $56 Billion dollars (see yesterday’s post). In … Continue reading
Yesterday a trial in Delaware Chancery Court commenced, raising a shareholder complaint accusing directors (and in-house counsel) of breaching their duty by voting compensation to a company CEO that could equal $56 Billion over ten years. Kudos to those readers … Continue reading
Yesterday the SEC issued a massive release which, effective next July 1, substantially tightened reporting on how mutual funds and ETFs must disclose how they vote on proxy issues. Normally one might think this development is of interest only to … Continue reading
The immediately prior post lists survey results of major risks perceived by corporate CEOs and directors for this year. Below is the survey list for the next entire decade: Keeping up with digital technology changes. Succession and lack of available … Continue reading
This is the first of two blogs tracking risk requiring attention of corporate boards. This post tracks immediate risk perception, per consulting company Provititi (as distributed by National Association of Corporate Directors). In order of priority, here is what a … Continue reading
Previously reported in this space were a California statute requiring corporations to have specified numbers of female and minority directors, and a NASDAQ rule requiring covered companies to have at least one female and one minority board member or report … Continue reading
The SEC has issued final rules requiring reporting companies to explain their executive pay regime to shareholders; there are two tiers of disclosure, with greater detail sought from larger registered companies. Why does this not seem like “news”? Because twelve … Continue reading