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Will Independent Directors Be on the Hook for Failure of Internal Controls in FCPA Cases?

The Foreign Corrupt Practices Act ("FCPA" or "the Act") prohibits bribery of foreign public officials in order to obtain or retain business. In addition to its anti-bribery provisions, the FCPA contains accounting provisions...more

7/16/2013 - Anti-Corruption Audits Bribery Compliance DOJ FCPA GAAP Independent Boards Internal Controls SEC

SEC Issues Guidance on Conflict Minerals Rule

On May 30, 2013, the Securities and Exchange Commission issued guidance related to the requirement that issuers disclose the use of conflict minerals in their products, as mandated by the 2010 Dodd-Frank Wall Street Reform...more

6/11/2013 - Compliance Conflict Mineral Rules Dodd-Frank Failure-to-File Reporting Requirements SEC Subsidiaries

A Brief Primer for Corporate Social Media Disclosures in Light of the SEC’s Recent Guidance on Regulation FD

The Securities and Exchange Commission ("Commission" or "SEC") recently stepped into the social media age with its April 2, 2013 Report of Investigation pursuant to 21(a) of the Securities Exchange Act of 1934 concerning a...more

4/9/2013 - Facebook Investors Netflix Public Disclosure Reed Hastings Regulation FD SEC Social Media

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