I blogged on Friday that OIRA is reviewing the SEC’s proposed executive compensation disclosure reform – and now OIRA has listed two other big SEC proposals under review: As we’ve noted, OIRA has 90 days to complete its review but it often moves faster. Meaning the SEC will likely be proposing these rulemakings relatively soon. Hang onto your hats. It’s going to be a wild …
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“Executive Compensation Disclosure Reform” Proposal Coming Soon!
Just in time to make your Labor Day more interesting? OIRA has listed the SEC’s proposal to reform executive compensation disclosures – meaning that agency is reviewing that rule proposal. And as we noted in this blog, even though OIRA has 90 days to complete a review, it often takes a fraction of that time. So we may well see the SEC’s proposal by next …
NYSE Proposes Extending Internal Audit Transition Period
A few weeks ago, the SEC published this notice for public comment over this NYSE proposal extending the transition period for newly listed companies to establish an internal audit department from one year to five years. Five years would give newly public companies more time to develop a meaningful program at a time when they are upgrading accounting systems and internal controls, adding personnel, and …
Five Hot Tips for Director Travel and Reimbursement Policies
Companies cover director travel and other reasonable expenses associated with their board service – and some also cover guest travel and even purely personal flights for safety reasons. But how this is accomplished varies significantly by company, and sometimes it changes within particular companies as board composition morphs over time. Although not required, many companies have policies that help guide what is permissible – and …
Yet Another Dozen Things In-House Practitioners Are Saying About Using AI
Given that AI is top of mind for so many of us right now, I’ve started polling our in-house friends about how they’re using AI in their practice (here is the last set of anecdotes – up to 48 overall!). As one might expect, the perspectives and views are varied:
Section 16 Insiders Owe an “Annual EDGAR Confirmation”? You Might Not Know That…
Did you know that each of your Section 16 insiders – as well as companies themselves – are required to file annual EDGAR confirmations? This requirement kicked in when EDGAR Next officially launched last year. Here are six FAQs that I drummed up pulling information from this SEC EDGAR web page:
Board Committees: Figuring Out Which Committee Should Handle the New Hot Thing
It’s a generalization but the audit committee often wants to take on more than it should. And other board committees typically don’t take on as much. I don’t blame them. So what should you do when a topic becomes so mainstream and important that it needs a permanent home on a board committee? This is the process that’s used at some boards: It might well …
10 AI-Friendly Drafting Pointers for Earnings Release Drafters
A while back, I blogged about how analysts and investors are increasingly using AI tools to read and analyze earnings reports (10-Ks, 10-Qs, earnings releases and transcripts) to gain faster insights and identify investment opportunities. Here are 10 tips to consider when drafting an earnings release with the AI reader in mind: 1. Use clear and consistent terminology: Avoid jargon and ambiguous phrases, and use …
How Institutional Investors Are Using AI for Investment Decisions
Check out this survey – from “The Center for Audit Quality” and KRC Research – about how institutional investors are using AI to conduct research for investment decisions. Note that the survey focused just on investment decisions; not on voting decisions. Here are 10 things we learned from the survey: 1. AI Is Now Mainstream in Investment Research – 68% of institutional investors report extensive …
Yet Another Dozen Things In-House Practitioners Are Saying About Using AI
Given that AI is top of mind for so many of us right now, I’ve started polling our in-house friends about how they’re using AI in their practice (here’s my last blog with in-house anecdotes – and the one before that). As one might expect, the perspectives and views are varied: