It has been reported that this year is seeing a significant increase in large and small shareholder activists communicating requests for change to many public companies. That makes it a good time for the public companies in...more
According to the San Diego Union Tribune, California is pleased with the results of its 2018 gender diversity law. It has contributed to a record number of women being appointed to public company board seats of California...more
The SEC is proposing changes that would impose additional conditions on 10b5-1 plans. As noted, if adopted, users of the plans would be required to wait 120 days before buying or selling stock under the plans after such plans...more
The proxy rule changes coming into effect after the coming proxy season are thought to have the effect (possibly intended) of making it easier for activists to place their candidates on Boards of Directors. It is thought...more
Many of us are beginning to think about and plan for the 2022 proxy statement season. The Securities and Exchange Commission has revised guidance which should result in more stockholder proposals appearing in proxy...more
The regulators have made it clear that they are revisiting Rule 10b5-1 Executive Stock Sale Plans with a view of “tightening” them up. While we cannot, with specificity, anticipate what the changes will be in connection with...more
The Didi Global IPO situation will serve as a reminder of the ever present need for continuing “due diligence” through the public offering process. More than fifty years ago, securities lawyers were reminded of the importance...more
With Hertz emerging from a bankruptcy with a positive result for shareholders, we are reminded of the interplay between the equity markets and the bankruptcy alternative....more
Increasingly, companies are being confronted with shareholders seeking to exercise power and influence over business activities. The term “activism” has become a buzzword to refer to shareholders seeking to make operational,...more