Category: Corporate Governance
NAM requests stay from appeals court on conflict minerals rule
by Cydney Posner As reported in this article from Reuters, on Monday, the National Association of Manufacturers, Chamber of Commerce and the Business Roundtable petitioned the appeals court to stay the conflict minerals rule. According to the article, the groups filed an emergency request with the court, arguing “that ‘the […]
SEC denies petition for stay of entire conflict minerals rule; stays only portion of rule
by Cydney Posner Today, in response to the request by the National Association of Manufacturers, Chamber of Commerce and the Business Roundtable for a stay of the conflict minerals rule, the SEC issued an order denying the petition for a stay of the entire rule and staying only those portions […]
NAM petitions SEC to stay conflict minerals rule
by Cydney Posner The National Association of Manufacturers, Chamber of Commerce and the Business Roundtable have petitioned the SEC to stay the conflict minerals rule or the Form SD filing deadline pending amendment of the final rule’s disclosure requirements. Action was requested by tomorrow so that, if the petition is […]
SEC finally speaks on conflict minerals decision
by Cydney Posner The SEC has finally issued some guidance in light of the decision of the D.C. Circuit on the conflict minerals case. In essence, the SEC has fashioned a modified rule that requires companies to make the mandated filing on a timely basis without including a statement as […]
WSJ reports SEC preparing to implement almost all of conflict minerals rule
by Cydney Posner As noted in this morning’s thecorporatecounsel.net blog, the WSJ is reporting that the SEC is “preparing to implement the bulk of a ‘conflict minerals’ rule this spring despite a U.S. court ruling that struck down a core provision on free-speech grounds, according to a person familiar with […]
Two SEC Commissioners Speak Their Minds About Conflict Minerals
by Cydney Posner There may be something of an internal battle among the commissioners on what to do about the conflict minerals decision of the D.C. Circuit. You’ll recall that the district court had upheld the rule in its entirety, and that the D.C. Circuit upheld most aspects of the […]
Revised Statement on WKSI Waivers
by Cydney Posner The SEC has today posted a Revised Statement on WKSI Waivers, so if you’re in the market for a waiver, be sure to consult the most recent version.
SEC tells us how to tweet a legend
by Cydney Posner The SEC has posted some new CDIs that relate to the use of required legends in connection with communications on Twitter or other electronic platforms that limit the number of characters used – if there aren’t any now, I’m sure there will be. The CDIs also address […]
Environmental Risk Disclosure
By Cydney Posner This article from The Economist, discusses the prevalence of increased disclosure about environmental impact and vulnerability to green regulation. In some cases, the enhanced disclosure is designed to head off shareholder proposals. Until recently, there was not much discussion of environmental exposure; however, according “to CDP, a group […]
SEC’s Conflict Minerals Rules Struck Down in Part on First Amendment Grounds
By Cydney Posner In October of 2012, the National Association of Manufacturers, U.S. Chamber of Commerce and Business Roundtable filed a lawsuit asking the court to modify or set aside the SEC’s conflict minerals rules, which implement Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. […]
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