The Securities and Exchange Commission (“SEC”) adopted Regulation FD (Fair Disclosure) in 2000 to help level the playing field among market participants by proscribing the selective disclosure of material nonpublic information. Regulation FD has had a profound impact on public company communications practices and public disclosures. Notwithstanding its significance, there
Quick Study
SEC Requires Proxy Disclosure of Hedging Policies by all Public Companies
By Stephanie Kelly on
Codifying what has become a common disclosure practice, the Securities and Exchange Commission has now required all public companies to disclose whether or not they have a policy or practice on transactions by directors or employees to hedge their exposure with respect to company equity securities and, if so, to…
NYSE Proposes to Amend Certain Shareholder Approval Requirements Similar to Nasdaq
By Stephanie Kelly on
Posted in Quick Study, Uncategorized
The NYSE recently issued a proposal to amend Sections 312.03 and 312.04 of the Listed Company Manual (the “NYSE Manual”) to change the circumstances in which NYSE-listed companies are required to obtain shareholder approval for certain share issuances. The NYSE’s proposed amendments are similar to shareholder approval rule changes recently…