The SEC has adopted a new rule that will require U.S. companies to disclose the ratio of their CEO's compensation to the median compensation of their other employees.
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In this lw.com interview Latham & Watkins partners Steven Stokdyk and Jim Barrall discuss shareholder proponent types, director voter results, proxy puts and other 2015 shareholder activism trends.
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Proxy access, meaning the ability of stockholders to put their nominees on management's proxy card and create a proxy contest without having to file their own proxy statement, was the marquee issue of the 2015 proxy season.
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The Canadian Securities Administrators (CSA) recently announced a number of amendments, which adjust disclosure obligations (National Instrument 51-102), audit committee requirements (National Instrument 52-110) and general prospectus requirements (National Instrument 41-101) for venture issuers.
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It is a confounding truth about outsize executive pay - all past attempts to rein it in have failed.
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Companies in early and growth stages often need significant funding to achieve their business goals but can have difficulties finding potential investors. Until recently, Canadian regulatory rules prohibited companies in Canada from raising financing by issuing shares and other securities to the general public unless they either (i) filed a qualifying prospectus; or (ii) relied on an exemption from the requirement to file a prospectus under securities laws, which limited the pool of potential investors to people such as friends and family, business associates and accredited investors.
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The U.S. Securities and Exchange Commission approved a rule Wednesday requiring companies to reveal the pay gap between the chief executive officer and their typical worker, handing a new weapon to groups protesting rising income inequality.
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