Just as I was pushing the button on Friday morning to blog about Glass Lewis’ ’13 policies, ISS released their 2013 voting policies. ISS is holding a webcast on December 6th, by which time it is likely that ISS will have also issued a set of FAQs that flesh out the new policy updates. We have our own annual webcast with Pat McGurn coming up too – “Pat McGurn’s Forecast for 2013 Proxy Season: Wild and Woolly.” I’ll be posting memos in our “ISS Policies” Practice Area.
The SEC’s Annual Whistleblower Report: 3000 Tips in a Year
Last week, the SEC’s Office of the Whistleblower published a report for its activities of for the past year – revealing that it received 3,000 whistleblower tips from all 50 states and from 49 countries, with the most common complaints being related to disclosures & financials (18%), offering fraud (16%) and manipulation (15%). The bulk of the tips inside the U.S. came from California (17%) with New York (10%) and Florida (8%) being right behind (“need some swamp land?”). The big news was that 143 enforcement judgments and orders potentially qualify for a whistleblower award.
SEC Still Has Reservations about IFRS
As this Accounting Today article notes, the SEC’s “wait and see” approach to IFRS doesn’t appear to be changing…
– Broc Romanek