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Category Archives: Announcements

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What happens in England

Posted in Announcements, Bob's Upticks, Corporate Governance, Disclosure Guidance, International

The United Kingdom has a new Prime Minister.  Her name is Theresa May, and she’s a member of the

[caption id="attachment_2812" align="alignright" width="278"]Photo by Scott P Photo by Scott P[/caption]

Conservative Party.  Remember that, because what you are about to read will probably lead you to think otherwise.

In a speech made a couple of days before Ms. May became Prime Minister, she said that she would pursue the following actions if she were to become Prime Minister: Continue Reading

Bob

Coming soon to an SEC filing near you: board diversity (but not sustainability…for now)

Posted in Announcements, Bob's Upticks, Corporate Governance, Disclosure Guidance, Diversity, investor empowerment

4532941987_9004c36616_mIn a June 27 speech to the International Corporate Governance Network, SEC Chair Mary Jo White engaged in a bit of full disclosure herself:

“I can report today that the staff is preparing a recommendation to the Commission to propose amending the rule to require companies to include in their proxy statements more meaningful board diversity disclosures on their board members and nominees where that information is voluntarily self-reported by directors.”

As noted in her remarks, the SEC adopted the current disclosure requirements on board diversity in 2009.  However, the requirements were added to other board-related disclosure requirements at the last minute, when it was reported that Commissioner Aguilar refused to support the other requirements unless diversity disclosure was also mandated.  As a result, the diversity requirements were never subjected to public comment, did not define “diversity,” and seemed to require disclosure only if the company had a diversity “policy”.   When companies failed to provide the disclosure because they had no policy, the SEC clarified that if diversity was a factor in director selection then, in fact, the company would be deemed to have a policy, thus requiring disclosure.

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Bob

The Securities Edge launches Bob’s Upticks

Posted in Announcements

To our readers: As you may have noticed, this week we launched a new feature for The Securities Edge.  We call our new feature “Bob’s Upticks,” which will be authored by our very own Bob Lamm.  We are excited to add this new “blog within a blog” and to share Bob’s extensive and deep securities… Continue Reading

Nasdaq annual listing fees are going up, up (but not away)

Posted in Announcements

In late August, Nasdaq announced changes to their annual listing fees.  Generally, the fees will increase effective January 1, 2015, but Nasdaq is also adopting an all-inclusive annual fee and eliminating its quarterly fees.  The new annual fee will now include fees related to listing additional shares, record-keeping changes, and substitution listing events.  The all-inclusive… Continue Reading

Bob Lamm joins The Securities Edge (and returns to Gunster)

Posted in Announcements

The Securities Edge is excited to announce a new blogger to the fold: Bob Lamm!  After a 12-year “hiatus”, Bob has rejoined Gunster.   Bob is widely considered a national expert in the securities and corporate governance space and frequently speaks and writes on securities law, corporate governance, and related topics. Bob’s unparalleled depth of experience will prove to be… Continue Reading

Effect of government shutdown on SEC

Posted in Announcements

While the U.S. government over the past few years seems to be in a constant state of imminent closure, it finally has happened.  What does this mean to issuers?  At the moment, as Broc Romanek blogged about today, it will be business as usual (at least for the SEC).  For the next few weeks, the… Continue Reading

Please consider nominating The Securities Edge for the 7th Annual Blawg 100

Posted in Announcements

Dear Readers, The ABA Journal is soliciting nominations for law blogs to include in their 7th Annual Blawg 100.   Essentially, the American Bar Association puts together a list each year to honor the legal blogs that have the most impact.  If you like what you read on our blog, we are asking you to consider… Continue Reading

Society of Corporate Secretaries and Governance Professionals – Southeastern Chapter coming to Florida on June 6

Posted in Announcements

Gunster and the Southeastern Chapter of the Society of Corporate Secretaries and Governance Professionals are jointly hosting a complimentary event in Fort Lauderdale, Florida on June 6.  The two-hour program will feature the following speakers:  SEC update: what’s on the mind of the staff … and the new SEC chair? Brian V. Breheny, Partner, Skadden,… Continue Reading

The Securities Edge celebrates two years!

Posted in Announcements

We wanted to thank all of our followers and readers in helping make The Securities Edge so successful.  This week marks the second anniversary of our blog (including our run on the Gunster Blog)!  Each month we see increasing traffic, which tells us that we must be doing something right, but as always, please give… Continue Reading

SEC Seeks Public Comments on Short Sale Disclosure

Posted in Announcements

Pursuant to Section 417 of the Dodd-Frank Act, the SEC’s Division of Risk, Strategy and Financial Innovation is undertaking two current studies involving short selling. The first study focuses on the state of short selling on national securities exchanges and in the over-the-counter markets.  The SEC is seeking comments to complete its second study involving… Continue Reading

Effect of Shutdown of United States Government on Securities and Exchange Commission

Posted in Announcements

Assuming that Congress and the President cannot agree on either a continuing resolution to fund the operations of the United States’ government or a budget prior to midnight, the SEC will immediately suspend most of its operations.  According to the SEC’s contingency plan, of its 3,969 employees only 332 will report to work during the… Continue Reading