May 21, 2007

Google’s Transferable Option Program

Google’s transferable option program has gone “live” and it’s readily apparent that Google and Morgan Stanley have put a great deal of thought into the program. The May-June 2007 issue of The Corporate Executive – which was just mailed – is dedicated to analyzing every aspect of this program, from the ’33 Act registration issues to the insider trading blackout issues, and much more.

Take advantage of our “1/2 Off for the Rest of 2007” no-risk trial and obtain this valuable issue of The Corporate Executive. In addition, come watch a panel of those that put this transferable option program together as part of our “Hot Topics and Practical Guidance Conference: The Corporate Counsel Speaks.” You can catch this panel by video webcast or live in San Fran (either just for the day or as part of the 3-day NASPP conference).

Treasury Department Announces Accounting Industry Task Force

On Thursday, Treasury Secretary Hank Paulson announced the formation of a non-partisan task force, headed by former SEC Chair Arthur Levitt and former SEC Chief Accountant Donald Nicolaisen, to examine the world of auditing, including tackling key issues such as firm concentration and how to strengthen the industry’s financial soundness and enhance its ability to attract and retain qualified personnel. It sounds like the task force’s work won’t be done for at least a year; they won’t even begin deliberations until the Fall.

This task force serves as the first step in the Treasury Department’s capital market plan to enhance the US markets competitiveness. Hank’s plans were fleshed out in this Financial Times opinion column (which doubled as a Treasury press release).

A Mid-Season Proxy Review

If you’re wondering how various types of shareholder proposals are faring at the polls this proxy season, check out ISS’s “mid-season proxy review.”