December 03, 2020
As companies look to plan their FY 2020 annual report and prepare for the 2021 AGM season, we have reflected on our experience in 2020. We summarise below key learnings and what we think will undoubtedly be on the ...
December 01, 2020
When the SEC first adopted Notice and Access (“N&A”), the goal was to give issuers an option that could significantly cut down on printing and postage costs — and reduce waste — while making the proxy voting process ...
November 24, 2020
As we have previously discussed, on August 26, the Securities and Exchange Commission (SEC) voted to adopt amendments to modernize the description of business (Item 101), legal proceedings (Item 103), and risk factor ...
November 23, 2020
In observance of Thanksgiving Day, the SEC is closed Thursday, November 26, 2020. No filings can be received. Files submitted after 5:30 pm ET, Wednesday, November 25, 2020 will receive a filing date of Friday, ...
November 13, 2020
According to Protiviti, in 2019, 90% of companies in the S&P 500 issued separate sustainability reports—not part of SEC filings—and, as of February 2020, over 1,000 companies with an aggregate market cap of $12 trillion ...
November 10, 2020
Here’s an experience we’ve all had (many, many times): You Google something one time — and for weeks, you’re getting targeted ads and related content on every site and every social media platform you visit. This “Big ...
November 10, 2020
In observance of Veterans Day, the SEC is closed Wednesday, November 11, 2020. No filings can be received. Files submitted after 5:30 pm ET, Tuesday, November 10, 2020 will receive a filing date of Thursday, November ...
November 02, 2020
Environmental, social, and governance (“ESG”) investing has captured the attention (and dollars) of more institutional investors each year and continues to grow exponentially. However, how can an ESG investor be sure ...
October 28, 2020
In 2015, the Securities and Exchange Commission adopted final rules under the Dodd-Frank Act that amended Item 402 of Regulation S-K to require certain public company filers to disclose in their annual proxy statements ...
October 21, 2020
The SEC approved amendments to Items 101, 103, and 105 of Regulation S-K in late August, as described in a recent client alert, “SEC Adopts Third Round of Disclosure Modernization.” The amendments were published in ...
October 19, 2020
Here are two quick items regarding popular IPO alternatives, SPACs (special purpose acquisition corporations) and primary direct listings: SPACs. In an interview on CNBC with Andrew Ross Sorkin on Thursday, SEC Chair ...
October 16, 2020
On September 23, 2020, the SEC adopted amendments to Rule 14a-8 (the Rule) under the Securities Exchange Act of 1934, frequently referred to as the Shareholder Proposal Rule.[1] The amendments will generally be ...
October 16, 2020
As the use of XBRL expands, staying up-to-date with frameworks and guidelines issued by regulators is key to increasing accuracy. Companies across the board have accelerated their reliance on technology during the ...
October 12, 2020
As the use of XBRL financial data in the market accelerates, the quality of XBRL tagging in disclosures is no longer solely an SEC compliance issue. It is an integral part of a company’s ability to tell its financial ...
October 08, 2020
Ann Tarca has been on the International Accounting Standards Board since 2017, as a member from the Asia-Oceania region. She joined the IASB from the University of Western Australia’s Business School, where she served ...
October 08, 2020
In observance of Columbus Day, the SEC is closed Monday, October 12, 2020. No filings can be received. Files submitted after 5:30 pm ET, Friday, October 9, 2020 will receive a filing date of Tuesday, October 13, 2020 ...
October 07, 2020
In this letter from SEC Chair Jay Clayton to Representative Brad Sherman following up on a previous conversation, Clayton offers his views and provides some insights and signals on a number of policy issues related to ...
October 05, 2020
COVID-19 nervous breakdown. The swiftly spreading coronavirus has greatly disrupted the M&A market. Nevertheless, observe attorneys Mark Director, John Pollack, George Stamas, and Pavel Shaitanoff, strategy, ...
October 02, 2020
The use of XBRL-tagged data in SEC financial disclosures is becoming the norm for the collection and analysis of financial data. During the last year, we have seen increasing use at the SEC, with several divisions ...
October 02, 2020
Is the virtual meeting just a stopgap solution for pandemic times? Or has Covid-19 permanently turned annual meetings from traditional conferences to online interactive live-streams? The first of Toppan Merrill’s 2020 ...
