April 14, 2009

Corp Fin’s New Director: Meredith Cross’ Return

Yesterday, Meredith Cross was named the new Director of the SEC’s Division of Corporation Finance. She had served in Corp Fin as Deputy Director, Chief Counsel and a few other capacities back in the ’90s – and has been working at WilmerHale since then. Having personally worked under Meredith at the SEC, I know she will be a great asset to help Chair Schapiro accomplish her vast regulatory agenda as she is quite able and really knows her stuff.

DGCL Amendments Become Law: Proxy Access, Reimbursement Bylaws, Etc.

After having been approved by the Delaware House last month and by the Senate last Wednesday, I understand that House Bill #19 was signed into law by the Delaware Governor on Friday. As stated in the legislation (assuming no changes), the amendments to the Delaware General Corporation Law will be effective August 1st.

From a prior blog (and this podcast), you will recall that these amendments deal with, among other items, new statutes on proxy access and reimbursement bylaws, indemnification matters, judicial removal of directors and authorization to separate record dates for notice and voting at shareholder meetings. More to come…

Compensation Arrangements in a Down Market

We have posted the transcript from our recent webcast: “Compensation Arrangements in a Down Market.”

– Broc Romanek