TheCorporateCounsel.net

April 6, 2005

Option Valuation Webcast

With the deadline for option expensing bearing down on us, check out tomorrow’s NASPP webcast – “What You Need To Know About Option Valuation” – is more important than ever.

SEC Posts Briefing Paper for 404 Roundtable

Yesterday, the SEC posted this Briefing Paper for the April 13th Roundtable on internal controls. The Paper lists the Roundtable’s agenda, consisting of 6 Panels, as well as a summary and discussion questions. Here are the 6 panels (speakers not yet announced):

Panel 1 – The First Year

Panel 2 – Reporting to the Public

Panel 3 – Planning and Design

Panel 4 – Documentation and Testing

Panel 5 – Using Judgment in Communications and Conclusions

Panel 6 – Next Steps

The Future of Electronic Road Shows

At the ABA Spring Meeting, there was much discussion about the future of the offering process – a topic I will address this Friday at the “Cybersecurities Law Conference – 10th Anniversary of Cybersecurities Law.” Back when I was in Corp Fin’s Office of Chief Counsel, I remember spending countless hours trying to get the Bloomberg e-roadshow no-action response out – and how ridiculous the framework was (and still is) due to the outdated restrictions imposed by the ’33 Act.

Now with reform looming to remove many of these restrictions, how might future roadshows look? For starters, look at VentureCapitalTV.com, where you can watch videos of executives from start-ups doing elevator pitches. After ’33 Act reform is implemented, it’s easy to imagine a pleathora of these “one-stop” sites that will house e-roadshows.

And what about a banker who dissects the daily grind of a physical roadshow in a blog, as that type of concept for a blog is very popular (in a way, its the online equivalent of reality TV – see this popular blog from a benchwarmer on the Phoenix Suns). Don’t laugh; one set of i-bankers already has started this ThinkBlog.