SEC Investor Advocate Urges New PCAOB to Reinstitute Investor Advisory Group
The SEC’s Office of the Investor Advocate in a report encouraged the PCAOB to reinstitute “a meaningful investor advisory group …
PCAOB Issues Report on China, Hong Kong Determinations under Holding Foreign Companies Accountable Act
The PCAOB on December 16, 2021, issued a report relaying to the SEC its determinations that the board is unable to …
SEC Plans to Repropose ‘Pay Versus Performance’ Rule Instead of Finalizing It
SEC Chair Gary Gensler has put a priority on finishing up Dodd-Frank compensation rules, but the commission is hitting the …
House Passes ‘Tough Legacy’ LIBOR Bill
A bill that seeks to head off an impending crisis related to some $16 trillion worth of so-called “tough legacy” …
Near-Term Implications of New SEC Staff Interpretation on Rules Governing Shareholder Proposals May Not be Big
As the 2022 proxy season comes up, how much the SEC staff’s recent interpretation on rules governing shareholder proposals will …
Another Defendant Challenges SEC’s Application of NDAA Disgorgement Powers
A fourth defendant in the SEC’s “Sharp Group” microcap fraud action is challenging the commission’s use of an expanded statute …
New SEC Staff Accounting Bulletin Covers ‘Spring-Loaded Awards’
The SEC staff has issued interpretive guidance to help companies properly calculate and disclose compensation cost for “spring-loaded awards” given …
PCAOB’s 2022 Budget is Set to Increase 8 Percent to $310.3 Million
The PCAOB on November 23, 2021, voted 3 to 0 to approve its 2022 budget of $310.3 million, an increase …
Apples and Avocados: Pay Ratio’s Limitations Undercut Progressive Aims
The SEC’s Dodd-Frank pay-ratio rules are central to a flurry of Democratic legislation designed to expand executive compensation disclosures or …
SEC Commissioner Crenshaw Urges Companies to Improve XBRL Tagging
SEC Commissioner Caroline Crenshaw in a speech said that requiring public companies to use structured data format in certain filings has been …