September 8, 2005

Developing Delegations of Authority

Check out our new “Delegations of Authority” Practice Area, complete with several sample delegations of authority to enter into new contracts/arrangements and this new podcast with Kay Bradley, Assistant General Counsel of Sabre Holdings Corporation, who explains how to develop and implement standing delegations of authority, including:

– Are there “best practices” for standing delegations of authority? If not, what factors impact the type of delegations a company should adopt?
– How does Section 404 of Sarbanes-Oxley regarding internal controls impact delegation practices?
– How do the standing delegations look like at your company?
– What issues should companies consider as they develop their own standing delegations?

SEC Chief Accountant to Leave

Yesterday, SEC Chief Accountant Don Nicolaisen announced he will leave the Commission in October to return to the private sector after two years in the job. Here is the press release. Not surprising given that Don has a new boss; more of these senior staff positions likely to become open soon.

Closure for the Disclosure Document Folding Controversy

Following up on my blog from July, as noted in this press release, it appears that the National Credit Union Administration has settled its dispute over the folding of disclosure documents. From what I hear, this settlement came after a magistrate determined that the NCUA had acted arbitrarily and capriciously in refusing to certify a vote of the credit union members regarding a mutual-to-stock conversion.