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SEC Imposes New Restrictions on Availability of Rule 10b5-1 Defense to Insider Trading

At an Open Meeting on December 14, 2022, the US Securities and Exchange Commission (SEC) adopted amendments to Rule 10b5-1 promulgated under the Securities Exchange Act of 1934 (Exchange Act), which impose new limitations on...more

SEC Provides Further Guidance on Covid-19 Disclosure

On June 23, 2020, the Division of Corporation Finance (CF) and the Office of the Chief Accountant of the US Securities and Exchange Commission (SEC) released guidance that provides additional views on disclosure related to...more

ISS and Glass Lewis Update Proxy Voting Guidelines for 2019

Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC both recently issued their annual proxy voting guideline updates. As revised, these guidelines have important implications for companies preparing for the...more

Capital Markets & Public Companies Quarterly: California to Require Female Directors, Updated Rules and Guidance from the SEC and...

In the third quarter of 2018, California became the first state to mandate that public companies include at least one woman on their board of directors. In addition, the SEC staff withdrew prior guidance relating to...more

California Becomes First State to Mandate Female Directors for Publicly Held Companies

On September 30, 2018, California Governor Jerry Brown signed into law legislation designed to require publicly held corporations whose principal executive offices are located in California to have one woman on their boards...more

ISS Defines Acceptable Parameters for Proxy Access Provisions

Summary of Key ISS and Glass Lewis 2016 Proxy Season Policy Updates - Institutional Shareholder Services Inc. (ISS) recently issued, in the form of Frequently Asked Questions, a further update to its 2016 proxy voting...more

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