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The Securities Edge Securities Blog for Middle-Market Companies

Monthly Archives: June 2014

Congress to the rescue?: Congressman hints at legislation to rein in proxy advisory firms

Posted in Corporate Governance

Who says Congress isn’t popular?  Well, Congress may become much more popular with public company executives if Congressman Patrick McHenry (R-NC) can make good on his recent promise to challenge the power of proxy advisory firms if the SEC doesn’t act.  In a recent keynote speech at an American Enterprise Institute conference on the role… Continue Reading

Fee-shifting bylaw proposal moved to the back burner pending further investigation

Posted in Securities Litigation

In a case of first impression, the Delaware Supreme Court held that provisions contained in a nonstock corporation’s bylaws, requiring a plaintiff stockholder to reimburse the corporation’s legal expenses if the plaintiff loses on a claim it has brought against the corporation, are facially valid if adopted properly and for a proper purpose (i.e., not… Continue Reading

States take the lead on crowdfunding

Posted in Capital Raising

The JOBS Act’s crowdfunding provisions were once one of the most eagerly anticipated items contained in that Act. Many companies and their advisors had high hopes that these crowdfunding provisions would open up new arenas for financing smaller companies while easing the costs and challenges associated with securities regulatory compliance. These hopes and dreams have… Continue Reading