Britney Spears has nothing on Institutional Shareholder Services, better known as ISS. ISS is rolling out proposed new voting policies for the 2015 proxy season. ISS often uses more words to tout how transparent it is than to explain its voting policies clearly, and the draft policies being considered for 2015 are no different.
One
The SEC has approved new PCAOB auditing standards relating to related party transactions, significant unusual transactions, and financial relationships and transactions between a company and its executives, including executive compensation. You can find the SEC’s release on the new standards here.
When the PCAOB first proposed these standards, a number of us were concerned
I have read several reports quoting Mary Jo White, Chair of the SEC, as saying that the remaining Dodd-Frank corporate governance rulemakings will be out by year-end. Admittedly, the reports aren’t clear as to what Chair White means. Does she mean that the so-called pay ratio rule will be adopted in final form by year-end (in which case the disclosures wouldn’t be required until 2016)? Or that by year-end the Commission will have proposed rules on hedging, clawbacks and pay-for-performance? All of the above? It’s anyone’s guess.
I have also read the daily emails I receive from the SEC entitled “Upcoming Events Update.” (I get several of these “Updates” every day, even though they are identical and don’t seem to have been updated at all. For those of you who don’t get these emails, they purport to announce things like every meeting of the SEC and every speech to be given by Commissioners and Staff members.) For the last month or two, no open meetings of the SEC have been scheduled (and it’s virtually impossible for these rules to be proposed or adopted otherwise than at an open meeting). So when I saw today that
Continue Reading My inaugural Uptick: How about never? Does never work for you?