February 5, 2004
Nasdaq Not Likely to Issue
I attended an excellent DC Bar luncheon panel yesterday featuring some of the Nasdaq staffers that answer the many interpretive questions that continue to dribble in. Unfortunately, it does not appear that Nasdaq will be ready to issue more FAQs for a few more weeks. “The sooner, the better” as the proxy season is already in mid-swing.
SEC No-Action Letter on Equity Compensation Plan Disclosures
After a long wait, Corp Fin finally has issued a no-action response to the ABA – in a letter dated January 30th – regarding equity compensation plan disclosures. It covers 8 different topics – and is “must” reading for this proxy season.
How to Update Your Governance Practices
Learn how the NY Times is updating its corporate governance practices from their corporate secretary in my interview with Rhonda Brauer on Updating Governance Practices! I personally learn a lot when I dig into how each company is handling the new governance standards.
Big Four Shed Public Audit Clients in ’03
As reported by AccountingWeb.com, for the first time in at least a decade, each of Big 4 lost more public company audit clients in 2003 than it acquired (according to an analysis by Auditor-Trak). PwC lost 91 public clients, KPMG lost 51; Ernst & Young lost 76 and Deloitte & Touche lost 65 clients. As I have noted before, in many of these situations, the Big 4 firms are letting the clients go – rather than the converse…