Tune in tomorrow for our webcast – “The NYSE Speaks ’09: Latest Developments and Interpretations” – to hear senior NYSE Staffers discuss the latest developments and what to expect in the near future, including amendment of the NYSE’s corporate governance listing standards. Please print out these Course Materials in advance and join these experts:
– John Carey, Chief Counsel – US Listings, NYSE’s Office of General Counsel
– Carol Hoover, Vice President, NYSE Regulation
– Cindy Melo, Managing Director, NYSE Regulation
– Howard Dicker, Partner, Weil Gotshal & Manges
– Bob Messineo, Partner, Weil Gotshal & Manges
The Board’s Executive Pay Duties: Potential Impact of US Supreme Court’s Jones Case
Recently, Mike Melbinger blogged about the potential importance of an upcoming US Supreme Court case – Jones v. Harris Associates. Here is the SEC’s amicus curiae brief for the case (and here’s a list of the other briefs filed).
In this CompensationStandards.com podcast, Bill Wright of Fisher & Phillips describes how this case may have implications for executive compensation practices, including:
– How does the US Supreme Court’s decision to hear Jones have potential implications in the executive compensation area?
– What is the importance of Judge Posner’s dissent from the 7th Circuit’s denial of rehearing en banc?
– When should we expect the US Supreme Court to deliver an opinion in this case?
TARP IG Report: Treasury Misled Public on Bailouts
As noted in this NY Times article, TARP’s Special Inspector General Neil Barofsky – known as “SIGTARP” – reportedly released a 50-page audit report yesterday that criticized the Treasury Department (including Hank Paulson) for making “some misleading public statements last fall and raising the possibility that it had unfairly disbursed money to the biggest banks.” Guess I’m getting used to being lied to as I’m not surprised in the least – are you?
– Broc Romanek