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A recent article by The New York Times - Manic Markets, Imploding Funds: Wall Street’s New Top Cop Has a Full Plate - discussed the potential areas of focus for Gary Gensler, the new...
Whether it is feasible under state law to provide alternative means for shareholders to present their proposals begs the question of whether state law requires shareholder to appear and present their proposal at the meeting?
To embed, copy and paste the code into your website or blog: Lynn Jokela at TheCorporateCounsel.net blog took note yesterday of recently updated guidance from the SEC's Division of Corporation Finance concerning the conduct of shareholder meetings in light of the Covid-19 pandemic. Among other things, the guidance observes: "Exchange Act Rule 14a-8(h) requires shareholder proponents, or their representatives, to appear and present their proposals at the annual meeting. In light of the possible difficulties for shareholder proponents to attend annual meetings in person to present their pro...
Last year, the Staff of the SEC's Division of Corporation Finance and the Division of Investment Management issued guidance for conducting shareholder meetings in light of COVID-19 concerns.
To embed, copy and paste the code into your website or blog: Money laundering compliance is a critical area for banks, broker-dealers and others in the financial world. The importance of this area was recently highlighted by the passage of the Corporate Transparency Act or CTA to bolster the requirements. Indeed, Kenneth Blanco, the Director of the Financial Crimes Enforcement Network or FinCEN recently hailed the Act as a “landmark piece of legislation that will bolster the Untied States’ national security and help better protect the communities and people of this great country.” ...