Today, Alan Dye, Editor of Section16.net and Partner at Hogan & Hartson, will host his Annual Q&A on Section 16, starting at 4:00 eastern. Join Alan as he discusses:
– What are the latest issues that have arisen and how to resolve them
– What novel disclosure considerations exist for this proxy season
– How to tweak your compliance program
– Answers to the many questions you posed to Alan in advance of the program
Also on Section16.net, take a look at Alan’s updated popular year-end tools.
Foreign Filers’ Concerns to Be Addressed
The SEC is seeking ways to ease the burden on foreign companies of the (relatively) new U.S. corporate governance rules. Yesterday, in a speech at the London School of Economics, Chairman Donaldson said that:
– He has asked the Staff to consider whether to recommend that the Commission delay the effective date for internal controls for non-U.S. companies. International companies with U.S. listings are currently required to meet the requirements from July 15 onwards.
– He expects that the Commission will consider whether there should be a new approach to the deregistration process for foreign private issuers, as many do not feel prepared to meet the U.S. requirements.
– He expects that the Commission will consider adopting the proposed amendments to the reporting requirements that would facilitate foreign private issuers’ conversion to IFRS.
NYSE Year-End Reminders
Last week, the NYSE sent a letter to listed companies, reminding them of their obligations regarding notifications to the Exchange, as well as other filing requirements.
Posted by Julie Hoffman