Here is your recap of important topics we covered last month. Did you miss them? Sign up now to receive future blog posts by email as soon as each is published.
NOTE: Read more about today’s big news in this latest post: Effect of government shutdown on SEC.
Why ‘name-and-shame’ won’t work
Government mandated pay ratio disclosure will fail to achieve its intended objectives
Executive compensation disclosure rules have backfired in the past. For example, once executives knew, through disclosures in public filings, how other executives were being compensated, the lesser-paid executives pursued pay increases to keep up with their peers. Read more >>
Next big tech IPO
Twitter announces its IPO in a tweet
There are a number of things to watch regarding Twitter’s proposed initial public offering, starting with the fact that the company tweeted about its confidential filing with the SEC, which allows companies to work through issues before investors get any information. This move to generate investor awareness of an offering not yet available appears to be a legal and compliant strategy – although not something most businesses would do. Read more >>
Confessions required
It was me! SEC to toss ‘neither admit nor deny’ policy in certain cases
Chair Mary Jo White has indicated that the SEC will require that, in certain cases, admissions be made as a condition of settling rather than permitting the defendant to “neither admit nor deny” the allegations in the complaint of its enforcement action. Read more >>
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